0/Two years ago I published “Hyperbitcoinization: Winner Takes All.” #Bitcoin's growth will continue unabated until it becomes a global standard. This thread reviews current macro trends supporting the thesis.
medium.com/coinmonks/hype…
medium.com/coinmonks/hype…
1/The 2019 update here:
2/Though the spot price seems to have hardly changed, this last year has further confirmed Bitcoin’s resiliency. It has moved closer to the forefront of monetary policy discussion.
3/Momentum is building and Bitcoin will continue to mature. As a savings medium Bitcoin adoption is growing. Hashrate continues to climb. We are now in the 3rd post halving era and daily supply constraint will compound and begin to apply price pressure.
4/In addition to native demand for bitcoins, central banks have activated their money printers. Trillions more in debt and the Fed’s commitment to unlimited QE/infinite cash will lead people to question the value of their money. It begins with “why pay taxes if they can print?” 
5/This tidal wave of Fed money flowing into the economy will create deeper financial divides with inflation expressed as a near insurmountable gap between the haves and have nots.
6/As more people are excluded from an economy designed to steal wealth and destroy savings, demand for bitcoins will surge.
7/A global crisis has been unfolding for the last decade and is beginning to accelerate. Hyperbitcoinization may be closer than we think.
8/The economy is increasingly centralized and fractionated. State sponsored financial moats have allowed the rich to get richer while at the same time preventing others access to wealth creation. We live in a financial feudal system that saps wealth from everyday citizens.
9/The Federal Reserve’s recent actions amount to outright manipulation and seizure of large sectors of the economy to the benefit of those closest to the money printer. The vast majority have been left out of this artificial recovery.
10/Central banks are printing furiously fighting a global deleveraging event. Their +2% inflation mandate must also overcome accelerating price deflation in goods/services and global macro trends driven by tech; and persistent inflation in nearly all other sectors.
11/But central banks are fighting a log war with linear tools. Money printing must go parabolic. And maybe it has.
12/Yet every printed dollar will compound the severity of the debt deleveraging event. Fiat purchasing power will be diluted and pockets of inflation and hyperinflation will begin to declare themselves in turn vaporizing savings.
13/Bitcoin offers a way out of this outright destruction of purchasing power and looting of personal savings. Its hard cap 21M supply allows one to transmute work into a scarce asset and preserve value over the long term.
14/We don’t need a lot of money, we need money that does a lot.
Bitcoin is:
Decentralized
Non-sovereign
Immutable
Scarce
Verifiable
Unseizable
Saleable
Savable
Predictable
Trustless
Divisible
Portable
Fungible
Open source
Permissionless
Censorship resistant
Bitcoin is:
Decentralized
Non-sovereign
Immutable
Scarce
Verifiable
Unseizable
Saleable
Savable
Predictable
Trustless
Divisible
Portable
Fungible
Open source
Permissionless
Censorship resistant
15/In Hyperbitcoinization one of Bitcoin’s most important economic functions will be to guarantee price signals. Not only its price, but the price of all other goods and services without unnecessary interference from outside actors such as central banks.
16/Pricing is the sum of all individual actions. It is dynamic and reflects local/global needs between interested parties in trade. But if the medium of exchange has been corrupted then the very goals of trade and value exchange are distorted and fail.
Fin/We are witnessing an accelerating assault on the economy. Though global reserve currencies don’t collapse overnight, real purchasing power will continue to fall. Coupled to Bitcoin’s price appreciation, we can believe sat to USD parity will be achieved within 30 years.
