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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.


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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?

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