Unless the transaction costs remain high enough that exchanging is no longer efficient/viable/feasible.
Danny the reason deflation works with #Bitcoin is because it's infinitely divisible which can't be done with fiat, this is a point that doesn't get discussed often enough
https://fountain.fm/episode/hUe2k7GO0DfrmAdzkNHO
nostr:nevent1qvzqqqpxquqzqsv7qnz2mp047nlja065c3k4k83sqw884ccuulr00k7xn7l7u8gnlze0mz