
Bitcoin.com News|Apr 10, 2025 20:19
Analysts are closely watching the trade war and the recent tariff pause by the Trump administration, with Matt Hougan from Bitwise suggesting that Bitcoin could emerge as a favored asset in this new trade order! 🇺🇸
Hougan believes the administration's goal of fixing trade imbalances may lead to a weaker dollar, which typically strengthens Bitcoin due to their inverse relationship.
In the long term, while a weaker dollar could boost U.S. exports, it may also diminish the dollar's status as the sole reserve currency. "We will move to a more fractured reserve system," Hougan stated, with Bitcoin and gold gaining prominence.
He emphasizes that Bitcoin is a scarce, global digital store of value, making a strong case for its adoption alongside gold. Bitwise remains bullish, maintaining a 200K price target for Bitcoin this year despite uncertainties.
What are your thoughts on Bitcoin's future amid these economic shifts? Let us know! 💬
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