Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back
Investment firms with Bitcoin-focused treasuries are leading global Bitcoin adoption, potentially driving its market capitalization to $200 trillion in the next decade. Institutions and governments are recognizing Bitcoin's unique monetary properties. Hyperbitcoinization is theorized as a future scenario where Bitcoin replaces fiat currency due to inflationary economics and distrust in traditional finance. Bitcoin's price growth outpacing fiat inflation is a key factor in this transition. Major firms like Strategy have seen significant profits from Bitcoin investments, with Strategy generating over $5.1 billion since 2025. Japanese firm Metaplanet aims to acquire 21,000 BTC by 2026, becoming Asia's largest corporate holder. The US Federal Reserve's withdrawal of guidance against banks engaging with cryptocurrency may encourage more financial institutions to adopt Bitcoin, signaling a more favorable regulatory environment for digital assets.
