Hyperbitcoinization What Is Hyperbitcoinization? Hyperbitcoinization can be defined as the moment when Bitcoin becomes the world's dominant form of money. Individuals will value Btc more than fiat, paper money, currency / precious metals when this happens. At the time of writing; the total market cap of Gold stands at; $12.904 Trillion $12,900,000,000,000 Total Market cal of Bitcoins stands; $504.02 Billion $504,020,000,000 We are 26x away from having Bitcoin reach the market cap of Gold. It is essential for Bitcoins price to stabilize in order to use it, Btc, as the worlds asset denominator. Meaning; having everything denominated in Btc. Including fiat currencies, precious metals & all asset classes. We need a stable denominator. Bitcoin can be that. [link] [comments] |
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