Trump’s Push for Weaker Dollar Strengthens Bull Case for Bitcoin, Says Bitwise
The Trump administration’s move toward a weaker dollar could be a tailwind for bitcoin (BTC), according to asset manager Bitwise, which is maintaining its ambitious $200,000 year-end price target for the cryptocurrency.
In a report published Tuesday, Bitwise CIO Matt Hougan said the administration’s recent tariff actions — including a 90-day pause for non-retaliatory countries — reveal a clear agenda: “The Trump team is gunning for a weaker dollar, and that’s unambiguously bullish for bitcoin.”
The market appeared to agree. Bitcoin jumped to over $82,000 on Wednesday, while broader crypto prices surged following Trump’s announcement. The U.S. dollar index slipped in response.
Bitwise highlighted bitcoin’s long-standing inverse relationship with the dollar. “When the greenback loses ground, bitcoin typically gains,” the report noted, adding that this correlation is likely to hold in the current environment.
More significantly, Hougan argued that a policy-induced decline in the dollar could reshape the global financial system, creating space for alternative reserve assets like bitcoin and gold to take on a greater role.
“With the dollar under pressure and trust in fiat currency systems fraying, assets with fixed supply and global portability — like bitcoin — stand to benefit immensely,” the report said.
Bitwise reiterated its bold call: bitcoin at $200,000 by the end of 2025.
