Hyperbitcoinisation with Christian Keroles

“I feel like so many people that have multiple Bitcoins, 100% of their focus is to get more Bitcoin, or they’re playing this trading game, and they just don’t appreciate how many Bitcoin they already have. I’m just saying, appreciate your Bitcoin man. If you have one Bitcoin, respect that, that is generational wealth, respect that one Bitcoin could mean such an enormous amount to your lineage, and treat it as such.”— Christian KerolesChristian Keroles is Managing Director of Bitcoin Magazine. In this interview, we discuss hyperbitcoinisation as a zero-sum game and how that could lead to $26 million bitcoin.- - - - Hyperbitcoinization is a scenario where Bitcoin has achieved mass adoption: it is widely used as a medium of exchange, it is a store of value held by individuals and businesses, and it has become a primary global reserve currency. Essentially, it is a ubiquitous and dominant form of global money.Over the last few years, a series of unprecedented global events has helped accelerate the adoption of Bitcoin. The pandemic gave rise to unsustainable monetary and fiscal policies that made the economic case for adoption by major institutions and a nation-state. Now, in the shadow of the Candian trucker protests, where fears regarding the curtailment of individual freedoms were realised, and a new conflict in Europe may signal a reordering of the global monetary system, the political case for wider adoption of Bitcoin has been made. We now live in a time when rather than being viewed as a wild abstract theory, hyperbitcoinisation is being contemplated as being a plausible culmination of ongoing trends. But what does this mean? What will the transition to a Bitcoin standard look like? This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingLVL - Bank on BitcoinBCB Group - Global digital financial Services-----WBD482 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.