Hyperbitcoinization: World Without Fiat Money & How Bitcoin Fights Inflation

By August 27, 2019 Liquid Lunch

To understand the recent increase in the Bitcoin price we need to understand what Bitcoin is from the perspective of economics. Compare it to the existing types of money in the past and present.

Hyperbitcoinization is a hypothetical scenario when Bitcoin replaces all existing currencies. If this happens, the price of the dollar (and other national currencies) will plummet and if you store your savings in dollars you will lose it.

How probable this scenario? Should you keep your savings in Bitcoin?

Let’s explore this topic at the meetup and stay informed of what may and may not happen in the future so you can make more educated investment decisions.

Agenda:

What is money
Qualities of sound money
Evolution of money
Gold Standard
Fiat money and inflation. How dollars are made.
Why a dollar is a bad store of value
What makes Bitcoin the perfect money
Bitcoin vs. Altcoins
Saving in Bitcoin vs. Dollars
Hyperbitcoinization

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