“Gradually, then suddenly,” goes the Hemingway trope about going bankrupt that Bitcoiners have so enthusiastically adopted. When crypto exchanges, stablecoins and banks are collapsing left and right, it looks suspiciously like we are already in the “suddenly” portion. And it is suddenly that currencies of the past have moved from the pocketbooks to the history books.
Hyperinflation is a general increase in prices by 50% or more in a single month. Alternatively, sometimes economists and journalists use a lower rate of monthly inflation sustained over a year (but that still amounts to 100%, 500% or 1,000%). The imprecision leads to some confusion in what does or does not constitute a hyperinflation.
Definitional quibbles aside, the main point is to illustrate the ultimate death of a fiat currency. Hyperinflation of whichever caliber is a situation where money holders rush for the exits, like depositors in a bank run rush for their funds. Literally anything is better to hold on
We współpracy z: https://bitcoinmagazine.com/guides/what-is-hyperinflation
