The concept of hyperbitcoinization is that there will be a time when Bitcoin becomes the medium of exchange across planet Earth and replaces the current fiat monetary policies, with everything we buy priced in satoshis.
Although this is a hard concept for many to conceive initially as Bitcoin’s new monetary system is completely different to what we’re so used to, countries have already begun this process by using it as legal tender in 2021.
The first country to do so was El Salvador in September 2021 where businesses offer customers the option to pay for goods or services either in Bitcoin or the US Dollar.
How long it will be before the whole world starts adopting Bitcoin in this way, time will tell!
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