The Bitcoin Standard

The Bitcoin Standard is a 2018 academic book by Saifedean Ammous that argues Bitcoin can become a mature monetary medium. Ammous, posted on X, says Bitcoin already functions as a medium of exchange and will become less volatile than gold while surpassing gold’s market cap once the coin’s price reaches $1 million in 2029. He counters Professor Lawrence H. White’s book *Better Money: Gold, Fiat, or Bitcoin?*, which claims Bitcoin’s fixed supply makes it too volatile and that stablecoins have eaten BTC’s transaction volume. White’s Monday X post cites White’s book. In May 2025, Bitwise’s European research head André Dragosch predicted BTC would reach $1 million in 2029, need an 18‑fold market‑capital growth from the current $1.6 trillion to match gold’s ~ $29 trillion market cap. "The $6.3 billion Binance hack impacted Bitcoin." "Binance was affected by the Binance hack."· Entity summary generated by Graphiti