Adam Back, co-founder and CEO of Blockstream, predicts that Bitcoin's market capitalization could reach $200 trillion due to the strategies of companies like Strategy. According to him, investments in Bitcoin are becoming a key element of 'hyperbitcoinization' — the process by which cryptocurrency displaces traditional assets, including gold, as the primary tool for protection against inflation and political instability.
Back emphasizes that companies incorporating Bitcoin into their treasury strategies contribute to the sustainable growth of the asset. This process is underpinned by the growing distrust of the traditional financial system and the steady increase in the price of Bitcoin, which exceeds inflation every four years. Analysts at ARK Invest also predict Bitcoin's price will rise to $500,000–$2.4 million by 2030, which could elevate its capitalization to $49.2 trillion.
The limited supply of Bitcoin (21 million coins) and its decentralized nature make it attractive to institutional investors. Back believes that Bitcoin is already on its way to becoming 'digital gold', and its growth is just getting started.
#Bitcoin #Cryptocurrency #Blockchain #Investing #BTC #Hyperbitcoinization #MiningUpdates
#Bitcoin #Cryptocurrency #Blockchain #Investing
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