I’m just trying to understand if Bitcoin can really replace fiat money while keeping an economy active, especially since deflation is usually seen as a risk in traditional systems.
This probably won’t happen because the government won’t allow it.
However, if inflation gets out of hand especially to the point of hyperinflation in some countries, your safest hedge might be putting money into Bitcoin. It won’t necessarily bring huge profits, but it can help preserve value. Just be realistic with your expectations.
The best way to fight inflation is by growing your money, that means finding ways to earn more so inflation doesn’t catch up to you. One way is to start a business aligned with your passion. Businesses can adjust prices when costs rise, but if you’re just an employee relying on a fixed income, it becomes much harder.