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0/One year ago today I published “Hyperbitcoinization: Winner Takes All” an exploration of how Bitcoin is on track to become the world’s currency.
1/Despite the bear market, my long term outlook has not changed. Bitcoin’s value will continue to grow - relentless, bubble after bubble, strung together by parabolic price moves.
2/This price appreciation is a reflection of a series of individual actions leading to Bitcoin adoption. Whether it be a speculative investment, long term HODLing, belief in the digital gold thesis, or as a hedge against global instability is irrelevant.
3/Each of these individual actions contributes to Bitcoin’s momentum. The cumulative effect results in a monumental shift in our relationship with money. We abandon state issued fiat and embrace a sound, uncensorable, borderless money: Bitcoin.
4/Bitcoin will grow organically like a crystal. As crystal aggregates join a lattice they reduce their energy state becoming more stable. The energetic benefit of joining outweighs cost and these bonds make the lattice/network exponentially stronger. 
6/We can think of each halvening cycle as a time local nucleation event inducing cohorts to exchange their fiat monies for bitcoins. This phenomenon leads to a tipping point inducing a parabolic upswing in price.
7/Although voluntary, Bitcoin’s financial incentives will attract even its most diehard detractors. Bitcoin rewards greed inciting individuals to act in self-interest directly leading to an increase in Bitcoin’s value, security and utility.
8/My hyperbitcoinization estimate is 1 bitcoin = $100M USD power (in 2018 dollars). As bitcoins approach this value, we will no longer denominate them in dollars or any other currency. We will buy, sell and earn in satoshis.
9/Global value in today’s Keynesian credit crazed world includes vast amounts of debt instruments. Yet despite expected debt contraction and market correction, Bitcoin’s purchasing power will reach this level.
11/In a Bitcoin economy earners and savers will have the option to avoid speculating in stock markets, real estate, art, collectibles, gold, etc. Work becomes the primary savings driver.
12/Your purchasing power will not be eroded by artificially induced inflation or central bank schemes. In fact, over time you may see it grow!
13/Is 20 yrs too short a time to achieve hyperbitcoinization? Perhaps 50 yrs is more reasonable allowing for sociopolitical challenge. However, in the last 12 mos we’ve seen increasingly radical CB policy proposals aimed at deleveraging the public.
14/Government entities have gone beyond seeking public validation through political processes. They now are innovating financial and political tools to ensure the public remains an indentured class.
15/They have stolen generations of wealth. Bitcoin is a response to 100 years of modern CB policies and 45+ years of oppressive fiat money. This wealth stealth has accelerated since abandoning the gold standard in the 1970s.
16/Growing social discontent, increasing wealth gaps, global resource constraints & attacks on the USD world reserve currency status act as Bitcoin adoption accelerants.
17/It is not far fetched to imagine a sequence of events within the next 20 years rapidly leading to hyperbitcoinization.
18/Centrally controlled money supply begets a centrally planned economy. With money out of the hands of controlling entities we have a chance to return to sound money. We can restore market sanity and stop gifting enormous debt to future generations.
Fin/Satoshi has given us the private key to monetary free speech and economic liberty. Bitcoin is a financial juggernaut and can unleash a wave of long lasting prosperity. Bitcoin is a promise to cultivate a fair, economy open to all. Bitcoin is better money.
