Markets, Bitcoin, US Dollar, Trump Administration, Bitwise, Analysts The asset supervisor acknowledged it was sticking to its 2025 year-end bitcoin price purpose of $200,000. 

President Trump’s administration wants a weaker dollar and that’s bullish for bitcoin (BTC), asset supervisor Bitwise acknowledged in a report Tuesday.

“When it comes to the tariff push, the thing i’m most certain of is this: the Trump administration wants a significantly weaker dollar,” wrote Matt Hougan, chief funding officer at Bitwise.

After each week of market turmoil cryptocurrencies surged on Wednesday following President Trump’s announcement of a 90-day pause on tariffs for worldwide places that haven’t retaliated in direction of the U.S..

A weaker dollar has essential implications for bitcoin.

Bitwise notes that over the last 5 years the cryptocurrency has had a harmful correlation to the U.S. Dollar Index (DXY). When the dollar falls, bitcoin rises, and Bitwise acknowledged it expects this relationship to proceed inside the fast time interval.

The longer-term implications of a weaker dollar are way more optimistic, the report acknowledged. “A shake-up in the global macro system creates an opportunity for new reserve assets to emerge,” Hougan wrote.

A switch away from the U.S. dollar as the one reserve foreign exchange to a further fractured system may give exhausting money, equal to bitcoin and gold, an even bigger perform to play on the worldwide macro stage, the report added.

Bitwise acknowledged it was sticking to its year-end bitcoin price purpose of $200,000.

The world’s largest cryptocurrency was shopping for and promoting spherical $82,300 at publication time.

Read further: Bitcoin’s Resilience During Tariff Chaos Impresses Wall Street Firm Bernstein

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