$BTC
Bitcoin unexpected helps the dollar.
Head of Coinbase Brian Armstrong believes that BTC does not destroy the dollar but disciplines it.
— Bitcoin is an "emergency exit" in times of shortages and inflation
— Loss of trust in the dollar → shift to BTC → authorities forced to be more careful
— Inflation is okay as long as it doesn't eat up growth and trust
Against the backdrop of US debt ~$37.6 trillion BTC and gold are increasingly called a protection against devaluation.
Irony: the anti-systemic asset has become the insurance of the system.
At the same time, stablecoins are globally strengthening the dollar — "Dollarisation 2.0".
Conclusion:
Bitcoin is not an enemy to the dollar, but its stress test. As long as there is BTC, fiscal madness has less chance.