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by zby 1612 days ago
Now - why rapid - in general because it will be a bank run. People now assume that the dollars they have in the banks (and in notes) can buy them a part of the world economy - when they realize that this part shrunk they'll try to sell dollars and buy something else - adding to the dollar decline.

I don't know - most probably it will still be much slower than bitcoin maximalists imagine (see for example https://noahpinion.substack.com/p/inflation-is-up-but-the-in...). Maybe it will be like going bankrupt: “Gradually, then suddenly.”