Adam Back: Bitcoin (BTC) treasury companies drive the $200 trillion "super Bitcoinization process"

Source: Cointelegraph Original: "Adam Back: Bitcoin (BTC) Financial Companies Drive $2 Trillion 'Super Bitcoinization Process'"

Investment firms focused on Bitcoin finance are taking the lead in laying out a global adoption process for Bitcoin (BTC), which could see the market value of this first cryptocurrency soar to $200 trillion in the next decade.

According to Adam Back, co-founder and CEO of Blockstream and inventor of Hashcash, institutions and governments around the world are beginning to recognize the unique monetary properties of Bitcoin.

"MSTR and other financial companies are arbitraging the disconnect between Bitcoin futures and the current fiat world," Back wrote in a post on platform X on April 26.

"This is a sustainable and scalable transaction of 1 to 2 trillion dollars, taking the lead in the hyper-Bitcoinization process. The scale is sufficient for most large listed companies to turn to Bitcoin treasury," he added.

Hyperbitcoinization refers to a theoretical future scenario in which, due to the inflationary characteristics of fiat currencies and the growing distrust in traditional financial systems, Bitcoin will soar to become the largest currency in the world, replacing fiat currencies.

Back stated that the fact that Bitcoin's price surpasses the inflation rate of fiat currencies remains the main driving force behind global superbitcoinization. He added that:

"Some people think that financial strategies are just temporary mistakes. But I don't think so; this is a reasonable and sustainable arbitrage opportunity. However, this is not permanent, as the driving force is that the growth rate of Bitcoin prices over a 4-year cycle is faster than interest and inflation."

Back's comment came about two months after U.S. President Trump's executive order was signed. The executive order aims to establish a national Bitcoin reserve using BTC seized in government criminal cases.

As the largest corporate holder of Bitcoin, companies like Strategy continuously investing in Bitcoin may inspire more global companies to follow suit.

According to Michael Saylor, co-founder of Strategy, the company's Bitcoin asset strategy is proving its profitability, having generated over $5.1 billion in profits since the beginning of 2025.

According to Cointelegraph, the Japanese investment company Metaplanet, known as the "Asian version of MicroStrategy," has also adopted a similar strategy, with its total Bitcoin holdings surpassing 5000 coins on April 24.

As the largest corporate Bitcoin holder in Asia, Metaplanet plans to acquire 21,000 BTC by 2026.

After the Federal Reserve (Fed) withdrew its guidance in 2022 that discouraged banks from engaging in cryptocurrency activities, U.S. financial institutions may be more confident in adopting Bitcoin. Saylor commented on the withdrawal of this guidance: "Banks can now freely begin to support Bitcoin."

Nexo analyst Iliya Kalchev told Cointelegraph: "Banks will now accept regulation through normal processes, which signals that the integration of digital assets will face a more open regulatory environment."

Related news: Michael Saylor: U.S. banks "can start supporting Bitcoin (BTC)"