September2024 - BTC | Deflation, Hyberbitcoinization & Wealth Banking

Think of Bitcoin more like a metric system - like kilometers, miles, kilograms, liters. We need a measuring system in a hyper deflationary world where everything falls down significantly in price. That’s where the finite supply of 21 million coins is beautiful. That’s how you will finally have a metric system that will measure the unit of GDP account across the world.

This talk highlights the Sagun’s vision of Bitcoin as a universal measuring tool for economic value in a world experiencing rapid technological deflation. It emphasizes Bitcoin’s potential role not just as a currency or store of value, but as a fundamental unit of account in a transformed global economy.

Youtube Presentation Link

Bitcoin - Store of Value Vehicle (HODL):

The talk appears to be about hyperbitcoinization, deflation, and the future of wealth and banking in a Bitcoin-centric economy. Here’s a summary of the key points:

1. Introduction to hyper deflation:
   • Extreme decrease in prices of goods and services
   • Increase in money’s purchasing power
   • Contrasted with current inflationary trends
2. Triggers for technological hyper deflation:
   • AI and robotics
   • Nuclear energy
   • Quantum computing
   • Human longevity
3. Bitcoin’s role:
   • Acts as a metric system in a deflationary world
   • Finite supply of 21 million coins helps measure economic activity
4. Stages of Bitcoin adoption:
   • Collectible (first 5 years)
   • Store of value (current stage, last 15 years)
   • Medium of exchange (emerging, e.g., Lightning Network)
   • Unit of account (future stage)
5. Bitcoin adoption curve:
   • Currently in early “innovators” stage (2.5% adoption)
   • Prediction of significant growth in next 10 years by 2034.
6. Bitcoin’s impact on traditional wealth:
   • Currently a small fraction of global asset value ($ 1.4Tn / $ 900Tn)
   • Predicted to capture significant portion of traditional assets in coming years
7. Future of wealth banking:
   • New types of wallet businesses expected
   • Need for more user-friendly solutions for average users
8. Bitcoin ownership trends:
   • Prediction that institutions, governments, and central banks will become larger holders
   • Importance of building services for these entities
9. Bitcoin as a superior store of value:
   • Other assets losing value when priced in Bitcoin
   • Importance of denominating assets in Bitcoin to understand true value
10. Bitcoin inheritance:
    • Possibility of on-chain inheritance without traditional trusts
    • Geopolitical risk mitigation
11. Bitcoin investment options:
    • Indirect investment through companies like MicroStrategy
    • ETFs
    • Custodial and collaborative custody solutions
    • Derivatives and DeFi options
12. Future outlook:
    • Bitcoin as a tool in a hyper-deflationary world
    • Integration with AI, quantum computing, and longevity advancements
    • Potential for Bitcoin to become a global, borderless metric for economic output