It happens when merchants would rather accept BTC than USD.

USD is accepted around the world because it has been trusted, but inflation is eroding that trust.

There won't be a sudden switch from USD to BTC. It will happen slowly and organically, as more and more merchants begin accepting BTC.

Look at how the USD supply was increased starting in 2020 and beyond.

This is why we have inflation today, not some nonsense about Putin invading Ukraine like the Biden administration would have you believe.

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Discussion

it be interest to see BTC merchant adoption over time - I know lots of people used to purchase goods from china using btc as it was quick and effective, but obviously they banned crypto transactions of any kind... What if they do get inflation back say down to around 3%, that the US manage to regain some shred of credibility.... could btc just die out, replaced by CBDC's - I get the case for them not to be used, but will normies?