It makes me think whether the hyperinflation is favourable to those who are holding digital assets or holding any investment directly linked to dollar.

I've been investing a substantial amount (the rules allow us to invest $2500 yearly) in the US markets for the last 10 years and my local currency has seen nearly 80% of inflation against dollar. I must acknowledge that doing investment in your local currency that is declining against dollar isn't a good choice for now.