Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
Can you describe your loose vision for how hyperbitcoinization can actually sequentially come about?
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I think it starts when more and more businesses are asked to backtest their performance compared to a ‘risk-free’ investment in bitcoin.
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Investor: “Why wouldn’t we just invest in Bitcoin?”
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Hyperbitcoin is essentially a humanity-level software migration. Price signals represent the information system of the economy. Once tipping point of people use BTC as defacto price signal mechanism, HB has probably begun.
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How do you think we get towards the tipping point, and why?
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(1) after custodianship risks have been reduced (2) inflation in developed world north of BTC annual supply issuance (3) 1 or 2 more speculative ‘bubbles’ to capture collective attention (4) a few painful years in equities, bonds, real estate.
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Excellent. Thank you. Very astute.
End of conversation
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