Institutional crypto investment firm Bitwise has doubled down on its big Bitcoin price prediction for this year despite escalating global trade tensions.
“In December, Bitwise predicted that Bitcoin would end the year at $200,000. I still think that’s in play,” Bitwise chief investment officer Matt Hougan
He suggested that the fallout from US President Donald Trump’s
Hougan cited an April 7
Hougan said a weaker greenback could have both short-term and long-term implications for Bitcoin.
In the short term, dollar weakness
“Dollar down equals Bitcoin up,” Hougan said. “I expect this pattern will continue.”
BTC prices have generally been historically high when DXY has been historically low. Source:
The DXY, which compares the value of the US dollar to a basket of six major currencies, has fallen more than 7% since the beginning of 2025,
In the long term, Hougan said disruption to the global reserve currency system creates opportunities for alternative reserve assets, including Bitcoin and gold.
“Governments and companies turn to the dollar for international trade precisely because of its stability. When that stability comes into question, they have to look elsewhere.”
The
Earlier this week, VanEck
On April 9, Trump issued a 90-day pause on nearly all of his earlier announced “reciprocal tariffs,” keeping a baseline 10% tariff on all countries besides China, which he lumped with a 125% tariff.
Crypto trader and analyst Will Clemente
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“It’s a pure reflection of liquidity and no earnings, if anything, economic uncertainty/deglobalization are positive for Bitcoin,” he added.
BTC is up 7.5% over the past 24 hours to $81,700. It has seen a correction of around 32% from its Jan. 20 all-time high, in line with pullbacks in previous bull market cycles.
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