Ste Davies' Digital Influence Podcast

If you've spent any time lurking around the bitcoin community on Twitter or Reddit as I have you may have come across the term 'hyperbitcoinization'. This is the theory where bitcoin surpasses all global currencies, including the US dollar, to become the world's reserve currency and, ultimately, the world's only currency. The hyperbitcoinization theory is, of course, just that - a theory. At the time of writing, the dollar is very much still the world's reserve currency and the eleven-year-old bitcoin has a market cap of $183 billion with comparatively low adoption. If hyperbitcoinization was ever to happen it would require a devaluation of the world's major currencies and thus forcing governments and people to adopt The Bitcoin Standard. Given we are in the midst of the COVID-19 pandemic, the dollar's position as the world's reserve currency is likely to strengthen in the short-term as investors see it as a safe-haven to temporarily preserve wealth as financial turmoil and trade wars begin to play out in t