pull down to refresh
1210 sats \ 0 replies \ @Truus 16 Sep 2023 \ on: Why hyperinflation may not speed up hyperbitcoinisation bitcoin
I agree on your 2 points but not on the what you think the catalysts could be.
I think the introduction of the CBDC worldwide will be adapted very easily because it will be a gift from your government on introduction (or later people will need support from the government thus makes it easy to introduce this). But when all these people see the side effects of being punished by buying meat, going on holiday by airplane, negative yield, etc, will be the moment people will search for alternatives to obtain the privacy what they lost. Slowly they will talk with each other about the benefits and being the solution. At that time bitcoin will be more mature with more privacy and will have better UX. Then we can welcome these people who didn't study bitcoin like us, and have no economic knowledge, but want to use it because they understand they lost their freedom and want to flee the eyes from above.
I think in that moment bitcoin will thrive to become a real medium of exchange after now being a store of value. After the hyperbitcoinisation will bitcoin be a unit of account.