hyperbitcoinization – DIGIT INFO

Bitcoin to have ‘crazy decade’ as global wealth managers dive in

DIGIT — Fri, 11 Oct 2024 13:15:00 +0000

Cointelegraph spoke with Riot Platforms’ Pierre Rochard and Metaplanet’s Dylan LeClaire at the Bitcoin Amsterdam 2024 conference.

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Crypto experts see Bitcoin replacing fiat money in 20 years

DIGIT — Mon, 19 Jul 2021 09:15:59 +0000

In a new survey, a number of cryptocurrency and fintech professionals expected a “hyperbitcoinization” to take place by 2040.

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Hyperbitcoinization’s Small Minority: Economist Says Bitcoin’s Growing Success Will Lead to Perverse Consequences

DIGIT — Mon, 01 Mar 2021 18:30:45 +0000

Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization. Bitcoin’s value has dipped since then, but the decentralized crypto asset’s market still captures a large $900 billion valuation. On February 26, the director of the Economic and Social Research Council (ESRC) warned […]

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Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations

DIGIT — Tue, 24 Nov 2020 07:30:56 +0000

If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the […]

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Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy

DIGIT — Tue, 07 Apr 2020 00:15:08 +0000

With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in […]

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Making Bitcoin Go Viral: Could Endless Printing Trigger a Hyperbitcoinization Event?

DIGIT — Thu, 26 Mar 2020 10:20:08 +0000

Hyperbitcoinization has been defined as “a state where bitcoin becomes the world’s dominant form of money.” But what actually needs to happen for bitcoin to ‘go viral’? As it turns out, a hyperbitcoinization event may be more likely than many suspect, especially in the current economic climate. However, there’s one big caveat: it requires human […]

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Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

DIGIT — Fri, 15 Mar 2019 18:29:22 +0000

Venezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the […]

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Heavy Borrowers and Near-Failed States Likely to Drive Hyperbitcoinization

DIGIT — Sun, 10 Feb 2019 16:30:49 +0000

A CIA World Factbook entry listing nations’ current account balances shows that big economies and near-failed states share something in common – massive debt. This liability making them strong cases for hyperbitcoinization, which could be exacerbated by an anticipated global economic slowdown. Also read: Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization Debt-Ridden Economies Prime Cases […]

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Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization

DIGIT — Wed, 23 Jan 2019 12:25:10 +0000

For bitcoin idealists, the coming utopia for global finance stars bitcoin dismantling the fiat hegemony, empowering citizens to own their money without central bank mediation, and facilitating borderless trade. Credited to Satoshi Nakamoto Institute co-founder Daniel Krawisz, hyperbitcoinization is a term which describes bitcoin coming to dominate the global currency basket through mass adoption. Also […]

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Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization

DIGIT — Tue, 01 Jan 2019 02:05:21 +0000

Cryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering a new era that can actually move past speculation to embrace real-world utility. The only way this feat will be accomplished, however, is by offering a […]

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