I just want to gauge everyone's knowledge here (please don’t do too much research).
I would like to hear your thoughts based on your existing knowledge and intuition.
How do you think Bitcoin can help countries experiencing hyperinflation such as Venezuela, Zimbabwe, and more recently, Sudan and Lebanon?
Bitcoin cannot help these countries to fight hyperinflation, because it needs to be understood that Bitcoin's function is as a means of payment, it is not a solution that can be used by a government to fight high inflation in their country. However, if individuals save their money in Bitcoin, it can help them to fight inflation in their country, since Bitcoin's price movement, although volatile, is not as bad as their country's currency. And they can still expect profit from their assets if they make it a long-term investment.
We (bitcoin enthusiast) often preach that investing in Bitcoin is a hedge against inflation.
If inflation is the main problem in these countries, how do you think Bitcoin could help solve their economic crisis?
There is nothing Bitcoin can do to help the country with their economic crisis. The government needs to find a solution to the crisis in the country, which can be done by taking foreign loans, efficiency, lowering interest rates, and several other policies.
While if they want to use Bitcoin for their benefit, they can legalize it and take taxes from Bitcoin trading or they can try to invest in it, like what El Salvador did.