Wow, what exactly happened then? Is there anymore I could read about it?

Arbitrary knees in exponentially-growing metrics lined up with the introduction of fiat currency due to carefully chosen Y-axis scales by someone who makes money when you invest in Bitcoin.

(Some of those graphs -- especially the first one -- probably have interesting stories behind them, which may or may not relate to fiat currency. But all we get from that page is a Hayek quote structured to suggest he too would love Bitcoin so...)

Well, Hayek did write a whole book in favor of private currencies... https://en.wikipedia.org/wiki/The_Denationalization_of_Money

Fair enough.

I highly recommend this video, it's long but well worth explaining what happened here:

https://www.youtube.com/watch?v=1gEz__sMVaY&t=33s