Governments wouldn't be demonitized as a result. If there was pressure they will compensate by raising rates on treasuries, and self dealing buying their own treasuries like has been done already.
Discussion
Yes, but for the first time in history, that last 30% of real free market signal that used to back them up (the people I described above) will not back them, and thus you'd have something different.
But I understand what you mean, fiat (main currencies like USD, etc) will never hyperinflate (in relation to themselves) BUT **they'll be completely demonetized in relation to Bitcoin**.
So like another user was saying in a different post, we're gonna have, Cantillionaires (Cantillon effect), Bitcoiners, and nocoiners.
The countries, nation-states, politicians that get it and become orange pilled earlier (like El Salvador) will benefit immensely. Because if you play that game, that's going to catapult you to the future.
Like before, we're going to have the world running at completely different speeds.