{"id":21348,"date":"2025-04-09T17:01:34","date_gmt":"2025-04-09T17:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21348"},"modified":"2025-04-09T17:01:34","modified_gmt":"2025-04-09T17:01:34","slug":"bitcoin-stands-to-win-if-trump-tanks-the-dollar-bitwise-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21348","title":{"rendered":"Bitcoin Stands To Win If Trump Tanks The Dollar, Bitwise Says"},"content":{"rendered":"
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In a newly released investor note, Bitwise Chief Investment Officer (CIO) Matt Hougan argues that Bitcoin stands to benefit significantly from the Trump administration\u2019s push toward a weaker dollar\u2014even if that push risks ending the dollar\u2019s long standing role as the world\u2019s reserve currency. The note<\/a>, dated April 8, 2025 and titled \u201cThe Fallout From Trump\u2019s Tariff Push,\u201d analyzes how recent tariff threats and foreign-exchange maneuvers might spark greater investor interest in what Hougan calls \u201chard money like bitcoin and gold.\u201d<\/p>\n

Bitcoin Poised To Benefit From Trump\u2019s Tariffs<\/h2>\n

According to Hougan, markets have been rattled by constant speculation over whether new trade barriers are temporary or part of a deeper structural shift in US policy. Financial figures such as AQR\u2019s Cliff Asness and Pershing Square\u2019s Bill Ackman have offered starkly different opinions on social media, while Anthony Pompliano of Professional Capital has posted that tariffs \u201ccan be great.\u201d<\/p>\n

Amid the confusion, Hougan writes that focusing on a single point of clarity helps: \u201cThe Trump administration wants a significantly weaker dollar, even if it means sacrificing the dollar\u2019s role as the world\u2019s sole reserve currency.\u201d That shift, in his view, holds major implications for Bitcoin.<\/p>\n

Hougan highlights a speech delivered by Steve Miran, chairman of the White House\u2019s Council of Economic Advisers, which was released on Monday as the \u201ctariff tantrum<\/a>\u201d escalated. In this speech, Miran attributes America\u2019s \u201cpersistent currency distortions\u201d to the dollar\u2019s reserve function, claiming it has \u201cdecimated our manufacturing sector and many working-class families and their communities.\u201d He also says: \u201cWhile it is true that demand for dollars has kept our borrowing rates low, it has also kept currency markets distorted.\u201d<\/p>\n

Hougan contends that a conscious drive to weaken the dollar bodes well for digital assets in both the short and long term. In the near term, he points to Bitcoin\u2019s historically negative correlation to the US Dollar Index (DXY)<\/a>, a relationship that often sees Bitcoin climbing as the dollar falls.<\/p>\n

In the longer view, he suggests that global uncertainty could accelerate a migration away from a single reserve currency and toward multiple stores of value, with Bitcoin occupying a prominent place as \u201ca scarce, global, digital store of value that sits outside the control of any government or entity.\u201d<\/p>\n

Concluding the note, Hougan reminds readers of Bitwise\u2019s end-of-year price projection<\/a>: \u201cIn December, Bitwise predicted that bitcoin would end the year at $200,000. I still think that\u2019s in play.\u201d<\/p>\n

In an interview<\/a> with Bloomberg, Hougan further suggested that if trade uncertainty and tariffs push the US dollar lower, Bitcoin stands to gain. \u201cWhen I watch all of the tariff confusion play out and what will Trump do and what will China do [\u2026] we should expect the US dollar to move lower,\u201d he said.<\/p>\n

\u201cWe are moving from a world of the US dollar being the sole reserve currency to a world with potentially multiple reserve currencies. Bitcoin benefits when fiat currencies go lower.\u201d Hougan emphasized that in his view, Bitcoin is \u201cthe hedge against fiat currency debasement,\u201d seeing the US and other major economies setting up conditions where digital assets may thrive.<\/p>\n

Asked about Bitcoin\u2019s peak coinciding with Inauguration Day, Hougan pointed out that even if markets reacted strongly around that time, Bitcoin\u2019s long-term performance remains robust. He argued that \u201cif you measure from the day of the election until today, Bitcoin has vastly outperformed gold, has outperformed stocks, outperformed bonds, [and] it\u2019s been a phenomenal investment.\u201d<\/p>\n

He also stressed that more institutional investors are entering the crypto market, regulatory attitudes have evolved significantly, and \u201cthe government now owns Bitcoin and has removed a huge amount of regulatory risk.\u201d He concluded by calling it \u201cthe best risk-adjusted moment to buy Bitcoin\u201d he has seen, stating that \u201cits best years are ahead of it.\u201d<\/p>\n

At press time, BTC traded at $76,959.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

In a newly released investor note, Bitwise Chief Investment Officer (CIO) Matt Hougan argues that Bitcoin stands to benefit significantly from the Trump administration\u2019s push toward a weaker dollar\u2014even if that push risks ending the dollar\u2019s long standing role as the world\u2019s reserve currency. The note, dated April 8, 2025 and titled \u201cThe Fallout From […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21348","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21348"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21348\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}