“The Asset Manager SAID IT WAS STICKING TO ITS 2025 Year-End Bitcoin Price Target of $ 200,000.”, – WRITE: www.coindesk.com
“WHEN IT WITH THE TARIFF PUSH, The THING I’M MOST CERTAIN OF IS THIS: The TRUMP ADMINISTRATION WANTS A SIGNIFICANTLY Weaker Dollar,” Wrote Matt Hougan, Chief Investment.
After a week of market Turmoil Cryptocurrencies Surged on Wednesday Following President Trump’s AnnounCement of A 90-Day Pause on Tariffs for Countriers.
A Weaker Dollar Has Significant Implications for Bitcoin.
Bitwise Notes that over the Last Five Years The Cryptocurrency Has Had A Negative Correlation to the Us Dollar Index (DXY). WHEN The DOLLAR FALLS, BITCOIN RISES, AND BITWISE SAID IT Experts This Relationship to Continue in the Short Term.
The Longer-Term Implications of A Weaker Dollar Are Even More Positive, The Report Said. “A Shake-Up in the Global Macro System Creates An Opportunity for New Reserve Assets to Emerge,” Hougan Wrote.
A Move Away from the US Dollar As the Single Reserve Currency to A More Fracturem System Could Give Hard Money, Such As Bitcoin and Gold, A Larger Role to The Global Macro.
Bitwise SAID IT WAS STICKING TO ITS YEAR-End Bitcoin Price Target of $ 200,000.
The World’s Largest Cryptocurrency Was Trading AROUND $ 82.300 AT PUBLICATION TIME.
Read More: Bitcoin’s Resilience During Tariff Chaos Impresses Wall Street Firm Bernstein
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