I think if we check on what is happening today to some parts of the world we could make a conclusion, that it could also happen to us all, let's.take a look at zimbabwe, yheir current fiat, is of no value, but if you take a look at their exchanges, the value of bitcoin is higher, vomoared to the rest of the world, this is simply, though they do lack technology, they still wanted to be financially free, and so they rely on bitcoin. Another country that has its fiat, lower thqn others is japan, though japan is technologically advanced , their japandese yen still has small buying power, thus they use bitcoins, the same also goes to othef asian countries had legalized bitcoin, since their fiat has a low value, they tend to use another, it may not sound a financial collapse, but if you look at it closely, asian countries are having hard time battling inflation, since there is no asian country, whose fiat is of higer value than the dollar.
I was even surprised Zimbabwe is not on that list. I thought they had the worst economic downtrend. However, looking at the present trend going on in Zimbabwe and the rate at which her citizens are pulling their funds straight into purchasing bitcoin, it really caused a spike in the bitcoin price in the exchanges in Zimbabwe which made it to be selling about $7500, that is at least 3000 above the normal price.
This scenario shows that most citizens of this country with such meltdown will most definitely shift gears to finding a better alternative and with bitcoin coming on a platter of gold, then it sure will cause a boom.
