Bitcoin (BTC) may be just ten years away from seeing mass adoption in an event known as “hyperbitcoinization.”
Bitcoin could be unit of account by 2031
Speaking on a panel, Saifedean Ammous, author of “The Bitcoin Standard,” Unchained Capital head of business development Parker Lewis and Kraken growth lead Dan Held all gave their deadlines for Bitcoin effectively taking over global finance.
“I’d say a decade,” Lewis began.
“I think that based on how Bitcoin has been adopted historically and based on the trillions of dollars that the Fed is going to have to print in the coming months – years, that it would potentially be conservative to say that Bitcoin’s a unit of account in ten years.”
That would mean the Bitcoin network onboarding billions of new users by 2031, but as the panel noted, the rate of adoption since