⭕ Blockstream CEO: Cryptocurrency-backed firms are driving $200 trillion “hyperbitcoinization”
🏦 Companies with cryptocurrency-backed treasuries, such as Strategy, are leading the “hyperbitcoinization,” Blockstream CEO Adam Back said. He noted that these firms are arbitraging between the future of bitcoin and the current fiat system. According to the entrepreneur, this approach could eventually increase the market capitalization of the first cryptocurrency to $200 trillion.