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.