People who live on US will definitely choose US dollar because it's their main currency so we are that has local currency. Upon reading that news, the thing that came to my mind is they can print whenever they want and how many they want.
Unlike bitcoin, it beats the usual cycle of the gov't that prints money because there's a supply limit of 21 million. But with the comparison of it, we need to see bitcoin be accepted first by most countries and most people.
AFAIK it's only US dollar can print the paper money as they wish (I know this is sounds ridiculous but that'sthe fact of a super power country) ... any other fiat currency like Japanese yen (JPY) Chinese yuan (CNY) they can't do that (they won't do that), why?
They are need a world bank permission, they will have a bigger chance to have a hyperinflation just like in Zimbabwe if they decide to print the money unlimitedly, but not with the United states they seems have something special I don't know what it is ... maybe we just get fooled all this time idk.
Bitcoin is indeed a form of financial freedom we needed right now, nobody get fooled here as nobody control it ...
We need to see bitcoin become mainstream as soon as possible for the better fairer world.
Not sure about that but if other countries aren't allowed to do that and they need a permission from the world bank then the hyperinflation on Zimbabwe was stopped if their gov't was stopped or not allowed to print more money.
I don't completely know the rules about printing money but I think every country is allowed to do that even without the permission of world bank. They know that it will cause inflation and other consequences that it may bring.