There is a lot of talk about hyperbitcoinization, but all i see is hyperdollarization.

From Argentina to Lebanon people flee their failing currencies and adopt the USD.

The Fed hicking rates break all currencies proped up by USD loans.

Hyperbitcoinization is the end game, but to me it seems like we first have to go through a period hyperdollarization.

I think we can look to El Salvador to se where this is going.