HubrisHound on Nostr: The only way the price of bitcoin doesn't initially plummet during hyper inflation is ...

The only way the price of bitcoin doesn't initially plummet during hyper inflation is if we have built out a sufficient circular economy by then.

If hyper inflation hits and I need to sell my bitcoin for dollars to buy the essentials then the value of bitcoin will drop while people sell for fiat.

Not only does the price of bitcoin drop, but the value of the dollar is propped up because it's needed as a medium of exchange.

Building out the bitcoin circular economy is a an urgent goal if we want to reduce future pain.