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.
Dollar milkshake theory, aka strong-dollar. The meme necessary for hyperbitcoinization hasn't evolved yet, and the space between that meme being born and hyperbitcoinization will be so fast you'll miss it if you take a weekend off of using your phone.
It's easier to get bitcoin than dollars in most places
This has been described before. Since the dollar is the best of the of the worst, and it's the reserve currency, people will flock to it as things get worse, until the education is there for #bitcoin to take over 🙂
