{"id":21373,"date":"2025-04-09T19:02:24","date_gmt":"2025-04-09T19:02:24","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21373"},"modified":"2025-04-09T19:02:24","modified_gmt":"2025-04-09T19:02:24","slug":"trump-administration-wants-weaker-dollar-and-thats-positive-for-bitcoin-bitwise","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21373","title":{"rendered":"Trump Administration Wants Weaker Dollar and That’s Positive for Bitcoin: Bitwise"},"content":{"rendered":"
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President Trump’s administration wants a weaker dollar and that’s bullish for bitcoin (BTC), asset manager Bitwise said in a report Tuesday.<\/p>\n

“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.<\/p>\n

After a week of market turmoil cryptocurrencies surged on Wednesday following President Trump’s announcement of a 90-day pause on tariffs<\/a> for countries that haven’t retaliated against the U.S..<\/p>\n

A weaker dollar has significant implications for bitcoin. <\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Bitwise said it was sticking to its year-end bitcoin price target of $200,000. <\/p>\n

The world’s largest cryptocurrency was trading around $82,300 at publication time.<\/p>\n

Read more: Bitcoin’s Resilience During Tariff Chaos Impresses Wall Street Firm Bernstein<\/u><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Trump’s administration wants a weaker dollar and that’s bullish for bitcoin (BTC), 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. After a week […]<\/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-21373","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\/21373","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=21373"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21373\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}