Before starting the article, the writer wants to give a disclaimer that they are not an expert of web3, only an observer to the current situation of the space.

What the writer will write in this text will be a no-brainer to everyone in web3. This is a noob writing. But just a reflection of the other day.

Have you heard of hyperbitcoinization? I haven’t. Until just recently.

Hyperbitcoinisation is a theoretical situation where Bitcoin (BTC) replaces traditional fiat currencies and becomes the dominant global currency. In this scenario, Bitcoin is universally used for transactions, savings, and as a store of value. It’s driven by Bitcoin’s decentralised nature, capped supply, and resistance to inflation, which would cause people to abandon fiat currencies in favour of Bitcoin.

In simple words, BTC became normalised and mass adopted.

https://x.com/MustStopMurad/status/1810704212814414122

This idea was first appeared by the bitcoin-maxi community, and amplified by Murad (@MuradStoMurad). And I think he’s on to something…

And… Hyperbitcoinisation is coming thanks to… supercycle?

The supercycle idea suggests that Bitcoin could go through a long-lasting, powerful rise in value, driven by more people and institutions using it, as well as global economic issues. Instead of its usual pattern of sharp ups and downs, Bitcoin would experience steady growth. This supercycle could help set the stage for hyperbitcoinization, where Bitcoin becomes the world’s main currency, speeding up its dominance in global finance.

Several factors could contribute to a supercycle and hyperbitcoinization. One of them is Bitcoin’s Halving (April 2024): Historically, halving events have been followed by major bull runs. In this context, a supercycle could push Bitcoin further into mainstream finance, leading to eventual hyperbitcoinization if it becomes the preferred store of value and medium of exchange. Supercycle could accelerate the path toward hyperbitcoinization by making Bitcoin more valuable and widely adopted. As more people view Bitcoin as a stable store of value and transactional currency, it could become the foundation of global finance.

Although it’s not the main factor of it, it's also thanks to Mass Adoption, Institutional Investment and Macroeconomic Instability that drive people to use Bitcoin as a hedge against failing fiat systems (aside from gold).

But to have hyperbitcoinisation, we also should have more consumer-focused apps, and easier access to it, while building on Bitcoin is not as easy…

I know! Not a dev myself. We all know that bitcoin is the most secure and decentralised cryptocurrency network, but being a dev in the Bitcoin ecosystem comes with other challenges that impact the pace of its growth. Bitcoin’s development process is conservative by design, the smart contract capability is limited, and it requires highly advanced technical skills to build something on the network.

Personal opinion: the hyperbitcoinisation is driven by the trading and number of transactions.

For Bitcoin to truly dominate as the world’s currency, and is becoming the new financial alternative for safe haven. Totally possible, but to make it more hyper and massive, it is critical to building more on the network (L2s). In the end, what we need is the accessibility and feasibility of the tech to push mass (and hyper) adoption of Bitcoin.

The author is an active contributor to Utopia Club. The views expressed in this article are the author’s own and do not necessarily reflect the views of Utopia Club or its members.

Before starting the article, the writer wants to give a disclaimer that they are not an expert of web3, only an observer to the current situation of the space.

What the writer will write in this text will be a no-brainer to everyone in web3. This is a noob writing. But just a reflection of the other day.

Have you heard of hyperbitcoinization? I haven’t. Until just recently.

Hyperbitcoinisation is a theoretical situation where Bitcoin (BTC) replaces traditional fiat currencies and becomes the dominant global currency. In this scenario, Bitcoin is universally used for transactions, savings, and as a store of value. It’s driven by Bitcoin’s decentralised nature, capped supply, and resistance to inflation, which would cause people to abandon fiat currencies in favour of Bitcoin.

In simple words, BTC became normalised and mass adopted.

https://x.com/MustStopMurad/status/1810704212814414122

This idea was first appeared by the bitcoin-maxi community, and amplified by Murad (@MuradStoMurad). And I think he’s on to something…

And… Hyperbitcoinisation is coming thanks to… supercycle?

The supercycle idea suggests that Bitcoin could go through a long-lasting, powerful rise in value, driven by more people and institutions using it, as well as global economic issues. Instead of its usual pattern of sharp ups and downs, Bitcoin would experience steady growth. This supercycle could help set the stage for hyperbitcoinization, where Bitcoin becomes the world’s main currency, speeding up its dominance in global finance.

Several factors could contribute to a supercycle and hyperbitcoinization. One of them is Bitcoin’s Halving (April 2024): Historically, halving events have been followed by major bull runs. In this context, a supercycle could push Bitcoin further into mainstream finance, leading to eventual hyperbitcoinization if it becomes the preferred store of value and medium of exchange. Supercycle could accelerate the path toward hyperbitcoinization by making Bitcoin more valuable and widely adopted. As more people view Bitcoin as a stable store of value and transactional currency, it could become the foundation of global finance.

Although it’s not the main factor of it, it's also thanks to Mass Adoption, Institutional Investment and Macroeconomic Instability that drive people to use Bitcoin as a hedge against failing fiat systems (aside from gold).

But to have hyperbitcoinisation, we also should have more consumer-focused apps, and easier access to it, while building on Bitcoin is not as easy…

I know! Not a dev myself. We all know that bitcoin is the most secure and decentralised cryptocurrency network, but being a dev in the Bitcoin ecosystem comes with other challenges that impact the pace of its growth. Bitcoin’s development process is conservative by design, the smart contract capability is limited, and it requires highly advanced technical skills to build something on the network.

Personal opinion: the hyperbitcoinisation is driven by the trading and number of transactions.

For Bitcoin to truly dominate as the world’s currency, and is becoming the new financial alternative for safe haven. Totally possible, but to make it more hyper and massive, it is critical to building more on the network (L2s). In the end, what we need is the accessibility and feasibility of the tech to push mass (and hyper) adoption of Bitcoin.

The author is an active contributor to Utopia Club. The views expressed in this article are the author’s own and do not necessarily reflect the views of Utopia Club or its members.