Sure I think there are certain markets that de-dollarise, like nations settling with one another, but I do think there is a tailwind for the dollar from people who want to get out of their local currency, stablecoins continue to grow mainly USDT in many parts of the world, people would rather trust tether than their local currency/banks

Whenever I speak to people who are from other African countries but work here in South Africa, they're all in on USDT, since they don't need a bank account, can remit for cheap and plenty of grey market/cash businesses will accept it

Over time sure that means theres a lot of tether holders who could move over to Bitcoin, but for now, i think this is the first step