I'm sorry, in the nicest possible way, this is complete nonsense.
Governments can, will, and have printed money to pay their debts. Indeed, for sovereign currency issuers, debt (or whatever) is just an accounting measure. A certain amount of material wealth is collected by government in the form of taxes and redistributed back to society in accordance with the policies of the day. Debt and other financial instruments are just to smooth the process.
Bitcoin will never be a meaningful asset class, anymore than any other pyramid investment scheme.
the default i'm talking about is inflation: it's a soft default. and in the end most of that debt your talking about, will be paid for by those holding cash and bonds.
The value of the dollar, relative to the usual basket of goods and services has no bearing on the value of bitcoin, relative to the dollar. None whatsoever. To imagine that the price of bitcoin will go up to match the inflation of the dollar is quite frankly whimsical.
Governments can, will, and have printed money to pay their debts. Indeed, for sovereign currency issuers, debt (or whatever) is just an accounting measure. A certain amount of material wealth is collected by government in the form of taxes and redistributed back to society in accordance with the policies of the day. Debt and other financial instruments are just to smooth the process.
Bitcoin will never be a meaningful asset class, anymore than any other pyramid investment scheme.