It took around a century beffore the theoretically predicted “Black Hole” was observed directly. Now with Bitcoin, the same thing is happening before your eyes. The theorized total absorption of all fiat is starting, as Bitcoin absorbs fiat at an increased rate.
As it grows, Bitcoin absorbs and destroys fiat. This increases it's massless mass, and increases it's gratlvitational pull, as demand for it increases. At a certain point Bitcoin will turn onto a runaway gravitational well; a Black Hole, from which no fiat or economy can escape.
Once this happens, fiat cannot exist anywhere near Bitcoin; it gets instantly obliterated by absorption and crushing by the Bitcoin Black Hole. No one will accept fiat because they don't want their money to be spaghettified, atomized, and vaporised.
As the economy approaches the Event Horizon, time preferences slow down to a crawl. Savings last lifetimes. Energy is conserved. Time seems to slow down, returning life to the pace it used to flow at before electricity...and yet, this is all happening thanks to electricity!
WOW!
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