Yes, that's always what governments do. They called it Financial Repression in the 1940s. Everybody does the same thing since the Central Banks were invented, including Weimar Germany. Inflate the debt away with a soft or hard reset, i.e start "backing" your currency with hard assets, land, gold, oil reserves, Bitcoin, etc, launch a new currency or just monetize those assets by creating mechanisms that allow governments to use it as collateral somehow to borrow money, stuff like this, without creating a new currency.

There's many ways to do this, with a new or just the same currency, soft or hard links.

Basically governments monetize the asset part of their balance sheets, i.e land, gold, bitcoin, oil reserves, etc, etc, and then they do a soft or hard link between that and their fiat currency.

This time it's definitely going to be gold and Bitcoin because it's the easiest way to do it because Bitcoin is a neutral reserve system, very easy to be audited globally, etc. It's just the perfect collateral.