Concerns over the stability of the US dollar are intensifying as rising geopolitical tensions, inflation pressures and record government debt converge.
Billionaire investor Ray Dalio warned that disruptions to global oil trade and mounting fiscal strain could “end America’s global economic dominance.”
Coinbase CEO Brian Armstrong countered that Bitcoin could act as a stabilising force, arguing it serves as “a check and balance on inflation” when government spending accelerates.
Armstrong said Bitcoin does not need to replace the dollar but can reinforce it by introducing competition and disciplining excess fiscal behaviour.
Recent market performance has added weight to the debate, with Bitcoin rising around 10% since late February, outperforming equities and gold during the same period.
Analysts attribute this resilience to strong institutional inflows and conviction among long-term holders despite broader market uncertainty.
The contrasting views highlight a growing divide over whether Bitcoin will challenge or complement the dollar as global economic risks continue to build.
At the time of reporting, Bitcoin price was $68,950.68.