How Hyperinflation could cause Bitcoin to reach 1M USD per Coin

Photo by regularguy.eth on Unsplash In recent news, the possibility of hyperinflation of the US dollar has been a topic of concern among financial experts. With the Biden administration's $1.9 trillion stimulus package and the ongoing COVID-19 pandemic, there are fears that the dollar may lose its value, which could have a ripple effect on the global economy. Hyperinflation refers to a rapid and uncontrollable increase in the price of goods and services. When a country's currency is hit by hyperinflation, it can lead to the devaluation of the currency, making it almost worthless. This scenario is particularly concerning for the US dollar, which is the world's reserve currency and the backbone of the global economy. However, the rise of Bitcoin, a decentralized digital currency, could provide a safe haven for investors looking to protect their wealth in the face of a potential currency collapse. Bitcoin, which is not tied to any government or central authority, has seen...