The concept of hyperbitcoinization is that there will be a time when Bitcoin becomes the medium of exchange on planet Earth and replaces current fiat monetary policies, with everything we buy priced in satoshis.

Although this is a difficult concept for many to conceive at first, as Bitcoin’s new monetary system is completely different from what we are so used to, countries have already started this process by using it as legal tender in 2021.

The first country to do so was El Salvador in September 2021, where companies are offering customers the option to pay for goods or services in Bitcoin or US dollars.

How long will it be before the whole world starts embracing Bitcoin like this? Time will tell!