The chance is very low to happen a significant inflation unless world war III or worldwide epidemic disease occur. Let's assume any of this happened. Will people likely to switch their fiat currency into bitcoin?
If that's what happened and people attempt to switch their fiat into bitcoin, there will be a chance of fiat currency become nothing of value.
PS- I don't want world war or epidemic disease at all. i am just thinking at what point bitcoin will take over the fiat currency system.
Bitcoin could be one of the tools that will replace fiat during global inflation. However, I am inclined to believe that physical consumables like food, water, oil, gold, weapons, medicines, and so on will have the value if we are talking about world war 3 or another world cataclysm