Bitwise: Trump’s Drive to Devalue Dollar Strengthens Bitcoin’s Appeal

Bitwise Sees Bitcoin Booming as Trump Targets Weaker Dollar

Bitwise Asset Management is holding firm on its bullish stance for bitcoin (BTC), reiterating a $200,000 price target by the end of 2025. The catalyst? A policy shift from the Trump administration that favors a weaker U.S. dollar.

In a report released Tuesday, Bitwise Chief Investment Officer Matt Hougan said that recent tariff-related moves are part of a broader strategy. “The Trump administration clearly wants the dollar to decline — that’s bullish for bitcoin,” he wrote.

The comments came just after President Trump announced a 90-day pause on tariffs for countries that haven’t imposed retaliatory trade measures, excluding China. Markets responded swiftly, with bitcoin surging above $82,000 and major altcoins posting strong double-digit gains.

Historically, bitcoin has moved in the opposite direction of the U.S. Dollar Index (DXY), and Bitwise expects that pattern to persist. “In periods when the dollar weakens, bitcoin tends to outperform,” the report noted.

Bitwise also highlighted the potential longer-term implications. “As global confidence in the dollar erodes, there’s room for new monetary standards,” Hougan said, pointing to bitcoin and gold as potential beneficiaries in a multipolar reserve currency system.

At press time, bitcoin was trading near $82,300 — well on its way, according to Bitwise, toward reaching the $200,000 milestone by year’s end.

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