Hyperbitcoinization: Bitcoin could hit $100 million Per Coin by 2030

in bitcoin •  6 years ago  (edited)

The ultimate success of bitcoin, hyperbitcoinization, contains the possibility of a purposeful and bright future. Inevitable mass adoption will lead to a globally dominant currency. Pushing all other competitors out means, ultimately, mooning prices. At least one theorist believes the above will happen, and further postulates one hundred million dollars per bitcoin could be in the works as early as 2030.


Who is Daniel Krawisz?

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Daniel lived in Vermont until he was 6 and then grew up in Wisconsin. In 2009, he told Ross Ulbricht that Bitcoin was a stupid idea but changed his mind in 2011. In 2013 he founded the Satoshi Nakamoto Institute with two of his friends.

Daniel Krawisz is the developer of a bitcoin mixing tool called Shufflepuff. Daniel Krawisz is known in the bitcoin 'community' for his many efforts, including authoring many historical bitcoin essays and opinion pieces at the Satoshi Nakamoto Institute. Further, Krawisz is also well-known for his stance towards altcoins, as he believes they are a scam and altcoin developers are basically 'snake oil salesmen.'


What is Hyperbitcoinization

Daniel Krawisz reached crypto fame in the spring of 2014 as a co-founder of the Satoshi Nakamoto Institute and began writing articles during the cryptocurrency boom of 2017. Krawisz can be credited with the concept of hyperbitcoinization, his most enduring effort from his articles.

In Daniel’s article on hyperbitcoinization he stated:

“Bitcoin-induced currency demonetization, or hyperbitcoinization” is what would occur should “any hapless currency” stand “in bitcoin’s path of total world domination. If this happens, the currency will rapidly lose value as bitcoin supplants it.”

Daniel’s thoughts of hyperbitcoinization are resurfacing through different cryptocurrency circles.

Although the thought of bitcoin being the dominant currency seems unrealistic to people it does bring back the memories of not long ago when a large following believed bitcoin was going to continue to surge and eventually reign dominant.

Recently, Coin Monks posted Hyperbitcoinization: Winner Takes All (or how Bitcoin gets to $100,000,000) a reincarnation of Daniel Krawisz idea discussed not long ago. Obiwan Kenobit, author of the Coin Monks article stated,

The cost of rejecting bitcoin will exceed the cost of adopting it. Bitcoin will begin to assume money’s traditional roles and gain institutional and government support. It will become all money and form the backbone of a new global economy.

The price of bitcoin is currently hovering $6,000 meaning Obiwan Kenobit believes bitcoin is 0.01% of its future value. Obiwankenobit argues

Bitcoin affords us the opportunity to radically change our relationship with money. You will own your money. Central bank machinations will come to an end. 20 years ago we could not imagine how the internet would change our lives. In the next 20 years bitcoin will re frame our roles as citizens in a borderless, global economy.

According to Obiwan the future will have bitcoin as the dominant form of global currency and individuals will pay for goods and services with satoshis as it will become our basic accounting unit.

Obiwan further predicts that 16.8 million bitcoins will be in existence after 20% are lost. The present may seem gloomy for optimism but nobody truly knows what the future holds.

What do you think guys will bitcoin will really valued at $100 million per bitcoin?

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That's a great article and a theory worth reading. But I don't think it's actually possible for bitcoin to reach $100million, as right now there are more than 100,000 people in the world who have more than 10 bitcoins each(google it), so if all of them holds them and BTC reaches $100m, that will make 100,000 people, billionaires. Right now there are just 2,208 billionaires in the world. And as of 2011, all the billionaires in the world owned 50.1% of the total wealth in the world. As of 2017 not more than $25 trillion wealth is available accounting all the people in the world(excluding government and private assets).

So if BTC reaches $100m by 2030 there will be more than 100,000 billionaires with the total wealth of 10 Quadrillions just BTC,which is not possible...

Very good analysis brother. Who knows we're will be the economy after 12 years. But this is a good analysis to be consider.

Wow if btc will hitt $100 mln we all will rich those who will hold

But its a long time to predict almost 12 years. Don't know how many of us will wait till 2030 :)

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Great @airdrophunter, i think if it got green flag by the govt. It will break all the market records... What about ur openion????

It will get regulated soon in india. It's just a matter of few days. Because government don't miss the taxation part on cryptos.

Exaclty.... Taxation part is very imp for the govt. Which would help to grow.

very nice thought but it is just a imagine . Nice to think because we all invest in it. LOL

Yes you are right :)