«Hyperbitcoinization» — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin’s parabolic rise to global reserve status — is increasingly being discussed in more serious circles.

For hardcore bitcoin maximalists, it’s long been the ultimate scenario: a financial utopia where individuals, institutions and even nations are all-in on a bitcoin-only system as the fiat-based economy collapses.

While we aren’t there yet, the recent events might suggest something is brewing.

Bitcoin is trading at record highs above $119,000. The market cap of bitcoin is near that of the tech giants. The U.S. dollar is continuing its slow bleed in real purchasing power. Major institutions are allocating capital to BTC with the same risk-adjusted lens they apply to traditional assets. If hyperbitcoinization once sounded like ideological fiction, it’s now likely approaching early-stage reality.

«In prior BTC bull markets, the hyperbitcoinization thesis would have been limited to crypto enthusiasts. More recently, hyperbitcoinization-adjacent conversations have become much more palatable for the broader public,» FRNT Capital said in an emailed note.

From trenches to the front line

Just a few years ago, no one thought the likes of BlackRock would be creating an exchange-traded fund for the masses to buy billions in bitcoin.

Today, the iShares Bitcoin Trust (IBIT) is a juggernaut with 706,008 bitcoin under its belt, worth $82 billion, according to BitcoinTreasuries.Net data.

Large companies are raising funds to buy bitcoin for their balance sheets. Political leaders, including a pro-crypto U.S. president, are floating the idea of national bitcoin reserves (whether that will come to fruition is still up for debate).

Even a U.S. housing regulator is considering whether crypto holdings could be considered for mortgage applications — a potential signal that digital assets are becoming part of core financial infrastructure, or at least that those currently in power would like to see that happen.

And of course, Wall Street has already claimed bitcoin with «Tradification» of the digital assets.

The ownership shift

The chart below makes an interesting observation about a potential «hyperbitcoinization» that may already be well underway.

From 2014 till at least 2020, bitcoin has been held by mostly individuals. But fast forward to today, a massive number of companies, funds and even governments, as opposed to individual crypto enthusiasts, are holders of bitcoin while prices continue to rally to new highs.

This shift in wallet distribution suggests that hyperbitcoinization, while not fully realized, is progressing from an ideological thesis to a potential observable market behavior.

In a market that is increasingly driven by narrative momentum and liquidity rotation, hyperbitcoinization may not just be a theme — it might become the trade.

«Conceivably, as the hyperbitcoinization thesis is validated in practice and gains further mainstream attention, more BTC investors will be motivated to HODL. This does not apply just to individuals, but to institutions and nations alike,» said FRNT.

According to CoinDesk Data price information, at 2:20 p.m. UTC on Sunday, the bitcoin (BTC) price set a new all-time high of $119, 308, up 1.4% in the past 24-hour period.

Bitcoin’s achievement was a little bit surprising because the crypto market was waiting for the U.S. stock market to open on Monday to discover the reaction to the 30% tariffs against imports from the EU and Mexico that Trump announced late Friday.

Analysts expect the bitcoin price to reach as high as $250,000 by year-end. For example, in a recent interview on CNBC, Fundstrat Capital CIO Thomas Lee said that the demand versus supply imbalance for BTC meant that its price could easily reach anywhere from $150,000 to $250,000 by the end of this year.

As of 4:11 p.m. UTC, bitcoin is trading at around $118,882, which is a gain of 1.38% in the past 24-hour period.

Meanwhile, on the same day, XLM got as high $0.4815 (at 3:20 p.m. UTC), but currently it is trading at $0.4578, up 22% in the past 24 hours. XLM’s performance, although highly impressive, was not a huge shock since on Saturday, it surged 6% to $0.3880, making it the top performer by percent change among the top 20 cryptocurrencies by market cap.

As for HBAR, its intraday high of $0.2516 was reached at 3:10 p.m. UTC, but it is currently trading at around $0.2439, up 27% in the past 24 hours, which makes it right now today’s top percentage gainer among the top 20 cryptocurrencies.

«Please don’t fall for misinformation,» Indian crypto exchange CoinDCX’s Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania.

The allegation was reportedly made by another Indian exchange, WazirX, which has been under scrutiny since last year’s $230 million hack.

In an affidavit filed as part of the Singapore High Court proceedings (scheduled for a hearing on July 15, 2025), WazirX reportedly claimed that CoinDCX held user funds in a Lithuania-based entity that was not registered with India’s Financial Intelligence Unit (FIU) until February 2025.

Gupta denied these allegations in a message to CoinDesk, stressing that his India-based users’ INR and crypto funds have always been held by Neblio Technologies, our FIU-IND registered entity, which is fully compliant with all Indian laws.

«For the record: CoinDCX did not have any entity in Lithuania until Feb 2025. We only engaged with third-party entities to explore potential global expansion. No business was ever conducted by CoinDCX (Neblio Technologies) in Lithuania, and no user funds were ever moved to or held by any Lithuania-based entity,» Gupta said.

He added that the exchange updated its Terms of Use to make Neblio Technologies the formal contracting party on Feb. 7 this year, and the change was made to strengthen transparency and user trust.

«We did this proactively so that CoinDCX users never face challenges like those seen during the WazirX episode. This approach safeguards users’ interests, and we hope other Indian exchanges adopt the same standard,» Gupta said, adding that the exchange «remains committed, as always, to user safety, transparency, and regulatory compliance.