As geopolitical tensions escalate, inflation concerns mount, and U.S. debt reaches a record-high $39 trillion, debates over dollar dominance are intensifying. Billionaire Ray Dalio warns that an Iran conflict could threaten the dollar's position in oil trade, while Coinbase Chief Executive Officer Brian Armstrong argues that Bitcoin can serve as a "check on inflation," helping to preserve dollar dominance by restraining excessive fiscal spending. Notably, since the Iran conflict erupted, Bitcoin has risen approximately 10%, outperforming gold and equities, which challenges its traditional positioning as a risk asset.