I'm not sure how you are drawing any connection between this and the strength of the dollar or capital markets. As long as there has been money there have been

I'm not sure how you are drawing any connection between this and the strength of the dollar or capital markets. As long as there has been money there have been people looking to take risks and turn that money into more money. Gambling, investing and entrepreneurship are all an extension of that. This is all three of those rolled into one, not some conspiracy orchestrated by the Illuminati. Depending on the number of startups who raised this way vs via normal channels, one might draw some conclusions about the angel and VC funding markets and by extension the public equity markets for tech companies - but that's about it.