The very fact that people have bid bitcoin up to $4,300......implies that at this moment, people have more trust, faith, and confidence in bitcoin than the US dollar. What else could it be saying? It now takes more dollars to buy a bitcoin.
Ok, it might be a convenient currency for funding illegal activities and avoiding taxes.
Globally, other countries hate the dollar. The United States has gotten away with with fiscal and economic antics that would never fly in Venezuela.
But underlying this, there is currently more trust in bitcoin as a currency. That trust is misplaced.