Bitcoin Treasury Firms Plot Assault on $200T Market as Hyperbitcoinization Gains Steam

Blockstream CEO Adam Back drops bombshell prediction: Bitcoin-centric firms are quietly building the tools to swallow global finance whole.

The playbook? Weaponize hodling. Treasury strategies once reserved for gold and bonds now pivot to BTC—while Wall Street still tries to price it with 20th-century models.

One hedge fund VP (who requested anonymity) grumbled: ’They’re playing chess while we’re stuck explaining what a blockchain is to pension funds.’

Back’s take? ’Fiat’s on borrowed time—the math always wins.’ Cue the sound of a thousand bankers reaching for antacids.

According to Hashcash inventor and Blockstream CEO Adam Back, companies like Strategy that have embraced Bitcoin treasuries are contributing significantly to the advancement of what some refer to as hyperbitcoinization—the scenario in which Bitcoin surpasses fiat currencies on a worldwide scale. According to him, this change would cause Bitcoin’s market value to rise to almost $200 trillion.

In a recent post, Back clarified that businesses such as Strategy are exploiting the discrepancy between the present situation of fiat money and the possibility of Bitcoin in the future. According to him, this strategy is a “logical and sustainable arbitrage,” one that can grow to the point where big businesses use Bitcoin as a treasury asset. According to co-founder Michael Saylor, Strategy’s Bitcoin assets have already produced over $5.1 billion in profit since the start of 2025, demonstrating the effectiveness of this approach.

Hyperbitcoinization is the term used to describe the hypothetical scenario in which Bitcoin surpasses fiat money as the most widely used currency in the world as a result of its inflationary economics and the growing mistrust of the established financial system. In addition, Bitcoin’s consistent outperformance against fiat currency inflation remains the primary catalyst for global hyperbitcoinization, according to Back. He explained:

Back added, “Some view the current treasury strategy as a short-term anomaly. I argue it is a rational and sustainable form of arbitrage — though not indefinite. The key driver is Bitcoin’s price increasing over successive four-year cycles at a rate that surpasses both interest rates and inflation.”

Furthermore, in order to create a national Bitcoin reserve, President Donald Trump signed an executive order using Bitcoin that had been seized in criminal cases. This action strengthens Bitcoin’s potential as a widely accepted store of value and represents a step toward official government involvement in the cryptocurrency.