The question came from veteran macro investor Dan Tapiero, one of the few old-guard financiers whose entire career has revolved around spotting inflection points. “What if hyperbitcoinization is really just about to start?” he asked on Sunday, just as gold went vertical and confidence in fiat money began to crack like thin ice.
It’s a question that’s hard to dismiss once you look at the data. Everywhere you turn, the signs point in the same direction. The world’s post‑war monetary system, stretched and strained by debt, inflation, and political distrust, is showing its seams.
Hyperbitcoinization and the gold prelude
Across commodities desks, analysts are calling it the most aggressive gold rally in living memory. The precious metal has surged nearly 25% since August and crossed $4,200 an ounce by October 17. Gold’s total market capitalization even eclipsed $30 trillion this week, outpacing Microsoft and Nvidia.
The move was fueled by geopolitical uncertainty, record central‑bank buying, and the Federal Reserve’s tentative shift toward easing after its first rate cut in nine months. Parabolic moves like this usually mark panic, either into safety or away from trust. And this time, that panic looks monetary.
If gold is repricing risk, history suggests Bitcoin won’t be far behind. The world’s largest crypto, long dubbed digital gold, already touched $126,000 in early October. But unlike bullion, Bitcoin doesn’t just store value; its network embodies a monetary architecture independent from the system investors are growing wary of.
The vanishing Bitcoin supply
Analytics firm Glassnode reports that exc
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Author: Christina Comben
