Hyperbitcoinization Coming, Says Bitcoin OG as ‘Wholecoiners’ Hit 1 Million
One million Bitcoin wallets now have a balance of 1 BTC or more, a sign of increasing momentum in the crypto market that Bitcoin OG believes is paving the way for “hyperbitcoinization.”
“Wholecoiners” now make up 1 million Bitcoin wallets, a number that’s grown exponentially over the past few years as more people use Bitcoin as a store of value, hedge against inflation, and speculate on price action.
The growing number of ‘wholecoiners’ shows that Bitcoin is becoming an increasingly attractive asset for investors, a sign that Bitcoin OG believes is a precursor to “hyperbitcoinization” – a term coined by early Bitcoin investor Tuur Demeester to describe a world in which Bitcoin is the dominant currency.
It remains to be seen if hyperbitcoinization will come to pass, but it’s clear that the wholecoiner population is growing and that Bitcoin is becoming increasingly popular as an asset.
