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Bitwise doubles down on $200K Bitcoin price prediction amid trade tension

cryptoweekly by cryptoweekly
April 10, 2025
in bitcoin, News
0

A falling US Dollar Index historically correlates with Bitcoin strength, says Bitwise investment chief Matt Hougan.

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 said in an April 9 blog post. 

He suggested that the fallout from US President Donald Trump’s global tariff push could be beneficial for Bitcoin (BTC) and crypto because his administration “wants a weaker dollar, even if it means ending its role as the world’s reserve currency.”

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Recent Posts
  • Sui validators freeze majority of stolen funds in $220M Cetus hack
  • Kraken to offer tokenized US stocks to non-US clients
  • Solana price fractal targets rally to $260, but one thing must happen first — Analysts
  • OpenAI plans to ship 100 million pocket-sized AI devices for everyday use
  • US lawmaker introduces anti-corruption bill ahead of Trump's dinner
  • Bitcoin could go much higher due to lack of FOMO and futures market euphoria — Analysts
  • BTC price eyes $112K as risk assets 'ignore bad news' on unemployment

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