Agreed

From the epilogue to 'When Money Dies'

"Stability came only when the abyss had been plumbed, when the credible mark could fall no more, when everything that four years of financial cowardice, wrong-headedness and mismanagement had been fashioned to avoid had in fact taken place, when the inconceivable had ineluctably arrived."

It is going to be a hard ride to get governments to give up the ability to fund themselves via the money printer.

Hopefully Bitcoin will hold governments to account and prompt fiscal responsibility through open competition as Bitcoin slowly emerges as the more trustworthy option. This is optimistic. More likely government, addicted to the drug of inflation, will fight Bitcoin to maintain its monopoly. In this scenario, political collapse is necessary for hyperbitcoinisation.