Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back
According to Back, Strategy and other Bitcoin treasury firms are some of the earliest bettors on Hyperbitcoinization, which may see Bitcoin’s market cap soar to above $200 trillion.
Investment firms with Bitcoin-focused treasuries are front-running global Bitcoin adoption, which may see the world’s first cryptocurrency soar to a $200 trillion market capitalization in the coming decade.
Institutions and governments worldwide are starting to recognize the unique monetary properties of Bitcoin (BTC), according to Adam Back, co-founder and CEO of Blockstream and the inventor of Hashcash.
“$MSTR and other treasury companies are an arbitrage of the dislocation between the bitcoin future and todays fiat world,” Back wrote in an April 26 X post.
