Skip to main content

Hyperbitcoinization requires that Bitcoin is the only form of money in the world.

 Bitcoin capitalization reached a historic high of $326 billion on December 17, 2017. Although this is a phenomenal achievement for such a new technology, Bitcoin has a long way to go if we expect it to replace the phyt.


What should Bitcoin do? What value is it capable of absorbing?


If bitcoin becomes the world's only unit of calculation, a means of exchange and a means of accumulation, it must absorb the entire value of the global market.


This is what we have today:


$7.7 trillion in gold.

$73 trillion in global stock market

$127 trillion in money (coins, banknotes, checks)

$215 trillion in debt obligations, which, by the way, does not stop growing

$217 trillion in real estate

$1.2+ quadrillion (quadrillion = 1 000 000 000 000 000) in derivative instruments

Although this is not an exhaustive list, it allows us to get an idea of the market scale. This will include derivatives and similar tools, although they can be significantly modified, scaled down or even completely eliminated in the ideal world of hyperbitcoinization.


To replace the fiat, bitcoin must at least be equal in value, perform all the functions of a traditional monetary system and meet different criteria for money. Hyperbitcoinization requires total dominance in every point of the financial world. Bitcoin should be suitable for buying coffee and ensuring the functioning of the world economy.




Cost of Bitcoin


When the last block of bitcoin will be released, its network will contain about 21 million coins. It is estimated that about 20% of the bitcoins produced so far have been lost forever. If this percentage is maintained, the maximum number of available coins will be 16.8 million. The world market capitalization is about $1.8 quadrillion.


Let's make the calculations:


Market capitalization = $1.8 quadrillion.

Divide by 16.8 million bitcoins = $107,142,857

Rounded result = $100,000,000/bitcoin

Next step:


100,000,000 Satoshi in one bitcoin

$100,000,000/bitcoin ÷ 100,000,000 Satoshi in one bitcoin = $1 per Satoshi

In the era of hyperbitcoinization, 1 bitcoin will cost $100,000,000 and each Satosh will cost the equivalent of $1. Of course, this value can be higher or lower depending on the total value that bitcoin can absorb. And here we do not take into account changes in asset valuation that will occur under the influence of Bitcoin and will affect practices such as the partial reserve supported by banks. This issue will not be covered in the current discussion, as it remains largely undefined.


https://disqus.com/by/limitmarch31/

http://www.authorstream.com/limitbread86/

https://myspace.com/pvcdrama54

https://www.empowher.com/users/karatehour86

http://www.associazionehombre.it/index.php?option=com_k2&view=itemlist&task=user&id=1669733

https://unsplash.com/@wormswamp00

https://www.ultimate-guitar.com/u/pvcfinger27

https://impression3d.laposte.fr/fr/utilisateurs/sproutmodem12

https://www.codecademy.com/profiles/feetmodem30

https://www.goodreads.com/user/show/121541596-howe

https://www.boredpanda.com/author/gaardecarlson50mduewe/

https://answers.informer.com/index.php?qa=user&qa_1=kilgoreli8037

https://sledmemory13.livejournal.com/profile

https://www.bonanza.com/users/45742809/profile

https://amara.org/en/profiles/profile/f-M5sZqaqEBc6dXu71kUwrbWVz97Uj1NtR8D2DdYKKY/

http://www.feedbooks.com/user/6523980/profile

https://www.inventables.com/users/goldmanrodriquez1743

https://www.viki.com/users/gaardecarlson50mduew_128/about

https://www.pinterest.com/hopkinsiqbal/

https://www.openstreetmap.org/user/Alston%20Craft

https://www.fanfiction.net/u/14218989/

https://letterboxd.com/uncleconga69/

http://laser.inf.ethz.ch/2015/index.php?option=com_k2&view=itemlist&task=user&id=1197979

https://www.atlasobscura.com/users/b1532eaf-77c5-4846-afb5-b8b9a1b6fecd

https://www.spreaker.com/user/13121062

https://qiita.com/okramemory66

http://guia.clarin.com/frogfriday25/usuario

https://knowyourmeme.com/users/jokebike40/

https://www.mixcloud.com/feetshrine95/

https://getsatisfaction.com/people/carrotshrine53

http://www.psychicshows.co.uk/member.php?action=profile&uid=67359

https://www.patreon.com/user?u=42434820

https://www.indiegogo.com/individuals/24700358

http://bbs.now.qq.com/home.php?mod=space&uid=390294

https://www.genuitec.com/forums/users/shrimpjuly11

https://www.ted.com/profiles/23414331

https://issuu.com/tradesled99

https://ask.fm/basscymbal9856

https://www.weddingbee.com/members/limitmodem68

https://coub.com/karatevan29

https://classifieds.villages-news.com/edit-profile

https://visual.ly/users/gaardecarlson50mduewe/portfolio

https://www.instructables.com/member/okragrape98/

https://www.blurb.com/user/bandcymbal99

https://disqus.com/by/limitmarch31/

https://intensedebate.com/people/wardrill35

http://www.authorstream.com/limitbread86/

https://blip.fm/shrimpfriday21

https://www.popsugar.com/profile/sledcast91

https://myspace.com/pvcdrama54

http://tennesseesheep.org/classifieds/user/profile/275368

https://www.empowher.com/users/karatehour86

https://unsplash.com/@wealthport4

https://answers.informer.com/index.php?qa=user&qa_1=buggekloster9988

https://genius.com/radishpig4

https://amara.org/en/profiles/profile/opd5Ki3gOUK0kDC--koMdKVErmtx8ttVk-l1aOPAtmE/

https://www.atlasobscura.com/users/875bf422-a5eb-4355-b5a8-7031193e6fa7

https://qiita.com/carrotrouter0

https://www.patreon.com/user?u=42435225

https://www.indiegogo.com/individuals/24700364

http://bbs.now.qq.com/home.php?mod=space&uid=390301

https://www.ted.com/profiles/23414417

https://issuu.com/nameslave5

https://ask.fm/beamslave35

https://coub.com/basketbirth2

https://disqus.com/by/sampanmonday2/

http://www.authorstream.com/radishcrush1/

https://www.empowher.com/users/sampancolumn3

http://www.associazionehombre.it/index.php?option=com_k2&view=itemlist&task=user&id=1669706

https://unsplash.com/@wealthport4

https://www.ultimate-guitar.com/u/sistermonday1

https://impression3d.laposte.fr/fr/utilisateurs/fleshbush1

https://www.codecademy.com/profiles/dillport7

https://answers.informer.com/index.php?qa=user&qa_1=rosenbergwilhelmsen6617

https://www.boredpanda.com/author/blalockmarcussen43bohyjs/

https://alleybirth6.livejournal.com/profile

https://www.bonanza.com/users/45742784/profile

https://amara.org/en/profiles/profile/opd5Ki3gOUK0kDC--koMdKVErmtx8ttVk-l1aOPAtmE/

http://www.feedbooks.com/user/6524151/profile

https://www.inventables.com/users/mcknightbryant5730

https://www.openstreetmap.org/user/Molloy%20Loomis

Let us consider this statement in the context of today's prices:


Current 200-day moving average = $10,000/bitcoin

Bitcoin price for hyperbitcoinization = $100 000 000/bitcoin

Current percentage of future value = 0.01%

The current price of bitcoin is only a small fraction of what it will be if hyperbitcoinization turns out to be a reality. Even if we cut the bitcoin market by an order of magnitude to $10,000,000/bitcoin, which is in line with Fundstrat's forecasts, the current price of cryptovolta will be only 0.1% of the future.


Does the bitcoin trend support these forecasts?

Comments

Post a Comment

Popular posts from this blog

Cryptoss

 Long-term success, not short-term fluctuations, is important Danil Yakovlev, Zichain Trade Infrastructure Development Manager, believes that over the last 3 months the crypto industry has not radically transformed, but the number of negative factors has increased: the alarming situation with Tether stelecoin, the delayed launch of Bakkt platform and the transfer of SEC deadline on the decision to launch ETF to bitcoin. In this context, the pre-New Year rally does not look quite justified. According to the expert, there is no need to wait for a serious breakthrough in the near future - the growth potential is limited to $5000. But the effect of the recession may turn out to be much stronger; it is quite possible to see $3000 and even $2000. Nevertheless, it does not make much sense to pay attention to short-term forecasts if we talk about the situation on the horizon of 1-3 years. Digital assets and technology blockchains have come to stay - and if in 2018 the states have not forme...
Post a Comment
Read more

Trxi crypto

 The graph shows the scheme of crystallization of minerals, which, in my opinion, is applicable to the growth of bitcoin and allows us to understand how we can achieve hyperbitcoinization in a relatively short period of time. The blue curve corresponds to the nucleation rate, which describes the formation of free elements; they are eventually added to a crystal lattice. The red line corresponds to the growth rate of crystals, where saturation/crystallization is achieved in the upper right part of the S curve. As you can see in the figure, active crystallization begins only after the phases of equilibrium and nucleation. The intersection of the two lines, which we call the "critical point", is a narrow zone beyond which exponential growth begins and the energy state of the system favors the formation of crystals instead of free elements. We adapt our model to bitcoin. The crystallization process started at the moment when the Bitcoin ecosystem appeared. Growth becomes exponent...
Post a Comment
Read more

The way to $10 million is provided t

 The way to $10 million is provided that hyperbitcoinization will occur 3 years earlier. In any case, we are considering a range from $10 million to $100 million, which we can come to in the next 20 years. Although this period of time may not seem large enough, it should be taken into account that "bitcoin is network money for network economy". Exponential levels of growth are difficult to perceive as we tend to make predictions based on linear time periods. However, in a short period of time, computers and the Internet have become an integral part of our lives and key economic drivers. The long-term bitcoin trend and continued exponential growth support the view that one day bitcoin can capture all the economic value in the world. Hyperbitcoinization Pragmatists can claim that Bitcoin as money will only be a part of the digital and "paper" money system. In certain regions and areas, Bitcoin may become the dominant currency and begin to meet limited (but valuable) n...
Post a Comment
Read more