Share this article
Trump Administration Wants Weaker Dollar and That's Positive for Bitcoin: Bitwise
The asset manager said it was sticking to its 2025 year-end bitcoin price target of $200,000.
Apr 9, 2025, 6:46 p.m.
What to know:
- The Trump administration wants a weaker dollar and that's bullish for bitcoin, according to Bitwise
- Bitwise said a move away from the U.S. dollar as the single reserve currency could open the door for new reserve assets to emerge.
- The asset manager reiterated its 2025 year-end bitcoin target of $200,000.
President Trump's administration wants a weaker dollar and that's bullish for bitcoin , asset manager Bitwise said in a report Tuesday.
"When it comes to 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 officer at Bitwise.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
After a week of market turmoil cryptocurrencies surged on Wednesday following President Trump's announcement of a 90-day pause on tariffs for countries that haven't retaliated against the U.S..
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 U.S. Dollar Index (DXY). When the dollar falls, bitcoin rises, and Bitwise said it expects 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 U.S. dollar as the single reserve currency to a more fractured system could give hard money, such as bitcoin and gold, a larger role to play on the global macro stage, the report added.
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
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
