Seems like you must know my thoughts.

It's only a matter of time before countries and central banks start printing fiat derivatives using crypto collateral. The only requirement for printing debt is a good source of collateral, and crypto is the best collateral there is over the 4-year cycle. It does indeed strengthen the dollar.

However, I believe that someone will eventually create a crypto that is stable without piggybacking onto fiat. It would simply have a superior and unique monetary policy that stops it from being volatile. When that happens all bets are off.