The path toward hyperbitcoinization is becoming clearer by the day and is something @ODELL and I have been talking about on RHR for ~8 years.

- Central banks and governments debase fiat currencies
- At the same time geopolitical tensions rise, driving a more multi-polar world
- Sovereigns and institutions fall back to gold because of familiarity and a liquidity profile that can handle larger flows compared to bitcoin
- Bitcoin is adopted by smaller players (individuals, corporations, funds) until sovereigns recognize that bitcoin is the ultimate store of value asset in the Digital Age
- The bitcoin standard rises from the ashes of fiat debasement and analog store of value assets

We are in Phase 3 right now.