The notion of debt super-cycles are relatively easy to understand: When a crisis arrives or a government has leeway to carry an irresponsible economic policy, bad debt is created. Bad debt means spending money you do not have in things that will not have a return on investment (e.g. getting a credit to buy a gaming console, unless you are a pro of that). That happens very often, is very easy to fall into it and only a few countries have citizens that understand that it should not be allowed (Germany for example is culturally adverse to loose policies because they still remember the hyperinflation during the Weimar Republic.
The problem with that rarely governments try to reduce the debt afterwards, so the world spirals into debt and eventually crashes big every century or so.
How would bitcoin do on a massive debt super-cycle crisis?
https://voxeu.org/article/debt-supercycle-not-secular-stagnation
