SHOW NOTES:
https://www.whatbitcoindid.com/podcast/hyperbitcoinisation
Christian Keroles is Managing Director of Bitcoin Magazine. In this interview, we discuss hyperbitcoinisation...
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SHOW NOTES:
https://www.whatbitcoindid.com/podcast/hyperbitcoinisation
Christian Keroles is Managing Director of Bitcoin Magazine. In this interview, we discuss hyperbitcoinisation as a zero-sum game and how that could lead to $26 million bitcoin.
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TIMESTAMPS:
00:00:00 Introduction
00:00:55 Hyperbitcoinization
00:09:03 Binary outcome, economic chaos
00:24:08 Bitcoin’s next paradigm shift
00:39:50 Getting ready for hyperbitcoinization
00:50:19 The transition to hyperbitcoinization
01:01:29 Giving, spending, scaling Bitcoin
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****
“I feel like so many people that have multiple Bitcoins, 100% of their focus is to get more Bitcoin, or they’re playing this trading game, and they just don’t appreciate how many Bitcoin they already have. I’m just saying, appreciate your Bitcoin man. If you have one Bitcoin, respect that, that is generational wealth, respect that one Bitcoin could mean such an enormous amount to your lineage, and treat it as such.”
— Christian Keroles
Christian Keroles is Managing Director of Bitcoin Magazine. In this interview, we discuss hyperbitcoinisation as a zero-sum game and how that could lead to $26 million bitcoin.
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Hyperbitcoinization is a scenario where Bitcoin has achieved mass adoption: it is widely used as a medium of exchange, it is a store of value held by individuals and businesses, and it has become a primary global reserve currency. Essentially, it is a ubiquitous and dominant form of global money.
Over the last few years, a series of unprecedented global events has helped accelerate the adoption of Bitcoin. The pandemic gave rise to unsustainable monetary and fiscal policies that made the economic case for adoption by major institutions and a nation-state.
Now, in the shadow of the Candian trucker protests, where fears regarding the curtailment of individual freedoms were realised, and a new conflict in Europe may signal a reordering of the global monetary system, the political case for wider adoption of Bitcoin has been made.
We now live in a time when rather than being viewed as a wild abstract theory, hyperbitcoinisation is being contemplated as being a plausible culmination of ongoing trends. But what does this mean? What will the transition to a Bitcoin standard look like?
