Bitcoin (BTC) is on its way to world dominion, and any currency that stands in its way will experience demonetization or Hyperbitcoinization. Those are the sentiments held by leading cryptocurrency philosopher, Daniel Krawisz, who believes the cryptocurrency will be worth $100,000,000 by 2030.
Hyperbitcoinization is a state in which bitcoin is expected to become the world’s dominant form of money. The fact that the digital currency is socially wired should work to its advantage when it comes to exponential adoption.
Cryptocurrencies enthusiasts expect bitcoin to displace legacy currencies and become the only method of value exchange. With Hyperbitcoinization, Bitcoin should change people’s relationship with money.
The fact that people will own their money and be in total control of its value is seen as one of the attributes that will make most people shun fiat currencies. Central Bank machinations should end as more people join the cryptocurrency bandwagon.
Krawisz expects bitcoin to reframe citizen’s roles in a borderless, global economy. The virtual currency should become the world’s first universal currency in part because of voluntary social drivers and its inherent social drivers. Read more from finance.yahoo.com…
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