The recent decline of the U.S. dollar has sparked renewed interest in the concept of 'hyperbitcoinization' among Bitcoin enthusiasts. However, Fernando Nicelli, former VP at Blockstream, cautions against equating the dollar's fall with Bitcoin's triumph. Nicelli emphasizes that in scenarios of true monetary collapse, tangible necessities like food and water hold real value, rather than digital currencies. The U.S. economic landscape presents challenges, with the housing market reaching record highs and the income needed to purchase a home doubling since 2019. Additionally, the U.S. unemployment rate climbed to 4.3% in August 2025, marking the highest level since late 2021, while national debt has exceeded $37 trillion, increasing by $1 trillion every five months. Nicelli warns that the notion of a seamless shift to a Bitcoin-centric economy is a dangerous fantasy, as historical evidence suggests that monetary collapse results in widespread poverty and instability.