Source: Cointelegraph
Original: “Adam Back: Bitcoin (BTC) Treasury Firms Driving $200 Trillion 'Hyperbitcoinization' Process”
Investment firms focused on Bitcoin treasury are positioning themselves ahead of the global Bitcoin (BTC) adoption process, which could see the market value of the world's first cryptocurrency soar to $200 trillion in the next decade.
According to Adam Back, co-founder and CEO of Blockstream and inventor of Hashcash, institutions and governments around the world are beginning to recognize Bitcoin's unique monetary properties.
“MSTR and other treasury firms are arbitraging the disconnect between Bitcoin's future and today's fiat world,” Back wrote in a post on the X platform on April 26.
“This is a sustainable and scalable $100 to $200 trillion trade, positioning ahead of the hyperbitcoinization process. The scale is sufficient for most large public companies to pivot to Bitcoin treasury,” he added.
Hyperbitcoinization refers to a theoretical future scenario in which, due to the inflationary characteristics of fiat currencies and growing distrust in the traditional financial system, Bitcoin will soar to become the world's largest currency, replacing fiat.
Back stated that the speed at which Bitcoin's price outpaces fiat inflation remains the main driver of global hyperbitcoinization. He added:
“Some people think treasury strategies are just a temporary mistake. But I don't think so; it's a rational and sustainable arbitrage opportunity. However, it's not permanent; the driving force is that Bitcoin's price grows faster than interest and inflation over a four-year cycle.”
Back's comments came about two months after U.S. President Trump signed an executive order aimed at establishing a national Bitcoin reserve using BTC seized in government criminal cases.
As the largest corporate Bitcoin holder, companies like Strategy continuing to invest in Bitcoin may inspire more global enterprises to follow suit.
According to Michael Saylor, co-founder of Strategy, the company's Bitcoin treasury strategy is proving its profitability, having generated over $5.1 billion in profit since the beginning of 2025.
According to Cointelegraph, a Japanese investment company known as the "Asian version of MicroStrategy," Metaplanet, has also adopted a similar strategy, with its total Bitcoin holdings surpassing 5,000 BTC on April 24.
As Asia's largest corporate Bitcoin holder, Metaplanet plans to acquire 21,000 BTC by 2026.
After the Federal Reserve withdrew its 2022 guidance discouraging banks from engaging in cryptocurrency business, U.S. financial institutions may feel more confident in adopting Bitcoin. Saylor commented on the withdrawal of this guidance: “Banks can now freely start supporting Bitcoin.”
Nexo analyst Iliya Kalchev told Cointelegraph: “Banks will now accept regulation through normal processes, signaling that the integration of digital assets will welcome a more open regulatory environment.”
Related: Michael Saylor: U.S. Banks “Can Start Supporting Bitcoin (BTC)”
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