Came across an article on which Jack Dorsey spoke that we could be facing hyperinflation soon. So let's discuss on what hyperinflation is, what causes it and why Jack Dorsey is thinking that way. Hyperinflation Hyperinflation is where there is very high and typically accelerating inflation in which prices of goods increases and this erodes the value of money or the local currency. What this causes is that people would then switch their local currency for other more stable foreign currencies and in the case of Jack Dorsey, more people will switch to Bitcoin. Almost all hyperinflation are caused by government budget deficits financed by currency creation. Some people believe the U.S. is headed toward hyperinflation due to past and possible future government stimulus behaviour. Of course, hyperinflation is really exaggerated where something that cost $1 might cost $10 or $50 in a year. Hyperinflation are really rare and do not happen so easily....