Blockstream chief executive Adam Back has a huge prediction for Bitcoin’s ( BTC ) market cap. Back says on the social media platform X that the business intelligence firm Strategy and other companies employing a BTC treasury policy “are an arbitrage of the dislocation between the Bitcoin future and today’s fiat world.” “A sustainable and scalable $100-$200 trillion trade front-running hyperbitcoinization. Scalable enough for most big listed companies to move to BTC treasury.” Back argues a strategy involving the flagship crypto is “a logical and sustainable arbitrage.” “But not forever, the driver is Bitcoin price going up over four-year periods faster than interest and inflation. Post-hyperbitcoinization, mNAV probably trends to 1.” MNAV stands for “multiple of net asset value,” and it refers to the ratio of a company’s stock price in relation to the value of the Bitcoin that the company holds per share. Back also says BTC treasuries are part of a long-term effort to reprice the world in Bitcoin. The Blockstream CEO argues BTC will “become the hurdle rate for operating companies.” Bitcoin is trading at $93,773 at time of writing. The top-ranked crypto asset by market cap is up nearly 8% in the past seven days. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $200,000,000,000,000 BTC Market Cap Now in Play As ‘Hyperbitcoinization’ Takes Shape: Bitcoin OG Adam Back appeared first on The Daily Hodl .
