RedLad on Nostr: If my local currency is going through massive inflation there’s still a huge demand ...

If my local currency is going through massive inflation there’s still a huge demand for it because people need it to buy goods and services which pumps the brakes on that inflation a bit

What happens when people realize they can use bitcoin to pay for goods and services instead and that transactional demand for the local currency is gone?

Hyperinflation is probably going to accelerate quicker than it has in the past because of bitcoin