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

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.

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Who is Daniel Krawisz?

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.'

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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?