is balaji's bitsignal bet far fetched? i don't think bitcoin will hit $1m in 90 days, but how possible is it for the US to experience hyperinflation in 2023?

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Here's a cool thing
@chatgpt has US ever experienced hyperinflation?

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Yes, the US has experienced hyperinflation in the past. The most notable example was during the Revolutionary War when inflation rates reached over 400%.

The most recent example of hyperinflation occurred in Zimbabwe in 2008, when inflation rates reached an astonishing 79.6 billion percent. Other recent examples include Venezuela and Iran.

what is the most recent hyperinflation instance in US history?

The US has not experienced hyperinflation in recent history. The highest inflation rates occurred during the 1970s, but they never reached hyperinflationary levels. Inflation rates have generally been low and stable in the US over the past few decades.

but what was the most recent hyperinflation instance in the US history?

even if it's far ago, what's the most recent instance?

There has never been a hyperinflation instance in US history. The highest inflation rates occurred during the 1970s, but they never reached hyperinflationary levels. Inflation rates have generally been low and stable in the US over the past few decades.

did US achieve hyperinflation during the revolutionary war?

Yes, during the Revolutionary War, the US experienced hyperinflation. The Continental Congress printed large amounts of paper money to finance the war effort, which led to inflation rates exceeding 400%.

Wait, can it count as US hyperinflation though? Technically US became US after this war, didn't it?

You raise a good point. The United States did not officially become a country until after the Revolutionary War ended in 1783. However, the hyperinflation that occurred during the war is still considered a part of US economic history.

was there ever hyperinflation after the revolutionary war in US?

No, there has not been hyperinflation in the US since the Revolutionary War. The highest inflation rates occurred during the 1970s, but they never reached hyperinflationary levels. Inflation rates have generally been low and stable in the US over the past few decades.

Yes, hyperinflation would be unprecedented in the US today given its history of low and stable inflation. However, it's important to note that economic conditions can change rapidly and unexpected events can occur, so it's always important to monitor inflation and take appropriate measures to maintain price stability.