I mean…I think I might have psychosis based on your definition lol
Because I do believe Bitcoin-backed securities will hasten hyperbitcoinization.
Mainly because of the traditional financial system’s architecture and how so much capital is gate kept today.
Also, people just have short term cash needs. Bitcoin dropped -20% last month. That’s just a reality. Because of its short term volatility, most everyone is forced to hold a short-term fiat bucket for bills or major life purchases (like if you’re planning to put a down payment on a home).
Personally, I’d rather hold products supported by Bitcoin in that short term bucket than t-bills or money market funds that help fund wasteful government spending.
I also believe Bitcoin payment infrastructure will hasten hyperbitcoinization.
I also believe better Bitcoin custody solutions will hasten hyperbitcoinization.
This is a big, complex system we function in, and Bitcoin is being infiltrated in many different parts of it, by different companies and entrepreneurs, all at once.
It’s all good for Bitcoin. It all drives Bitcoin adoption as a globally accepted money.
If you disagree with the last part, then I’d love to know why.