Why Bitcoin Price Is Still Running Toward $200,000 Despite Tariff-Driven Uncertainty
The cryptocurrency market is navigating turbulent waters as geopolitical tensions and trade policies reshape investor sentiment. Despite Trump’s rapid implementation of wide-ranging import tariffs in recent days, which has rocked Bitcoin’s price, head researchers from Bitwise still expect the top asset to spring to new heights this year.
Bitwise’s Chief Investment Officer Matt Hougan has said that the firm’s $200,000 year-end price target for Bitcoin remains unchanged.
Bitcoin Still to Hit $200,000 in 2025
“In December, Bitwise predicted that Bitcoin would end the year at $200,000. I still think that’s in play,” Matt Hougan wrote in an April 9 blog post.
He believes the fallout from this month’s trade policy from the White House could be a boon for Bitcoin and the broader crypto market as his administration “wants a weaker dollar, even if it means ending its role as the world’s reserve currency.”
Hougan referenced an April 7 speech by the chair of the White House Council of Economic Advisers, Steve Miran, which slammed the dollar’s hegemony as causing “persistent currency distortions” and “unsustainable trade deficits” that have “decimated” American manufacturing.
Bitcoin’s price recently fell below $75,000 as investors digested Trump’s “reciprocal” tariffs. However, markets sharply rebounded Wednesday after President Trump announced a 90-day pause on tariffs for more than 75 nations. However, China, which recently slapped the US with steep retaliatory tariffs, did not get any relief, as Trump hiked the levies to 125%.
The Bitwise exec suggested that a weak dollar could have both short-term and long-term effects on Bitcoin. He explained that dollar weakness has historically correlated with Bitcoin’s strength, citing the US Dollar Index.
“Dollar down equals Bitcoin up,” Hougan said. “I expect this pattern will continue.”
Hougan believes the disruption to the global reserve currency system in the long term presents opportunities for alternative reserve assets such as gold and BTC:
“Governments and companies turn to the dollar for international trade precisely because of its stability. When that stability comes into question, they have to look elsewhere.”
In conclusion, the pundit predicted that the world will shift from a single reserve currency system to a “more fractured” one, with hard money like the largest crypto by market cap and the precious metal playing a more significant role than they currently do.
BTC is up 5.5% over the past 24 hours to $81,289, according to crypto data provider CoinGecko. It’s down around 30% from its all-time high of nearly $109,000 set on Jan. 20 ahead of Trump’s inauguration.
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Why Bitcoin Price Is Still Running Toward $200,000 Despite Tariff-Driven Uncertainty
The cryptocurrency market is navigating turbulent waters as geopolitical tensions and trade policies reshape investor sentiment. Despite Trump’s rapid implementation of wide-ranging import tariffs in recent days, which has rocked Bitcoin’s price, head researchers from Bitwise still expect the top asset to spring to new heights this year.
Bitwise’s Chief Investment Officer Matt Hougan has said that the firm’s $200,000 year-end price target for Bitcoin remains unchanged.
Bitcoin Still to Hit $200,000 in 2025
“In December, Bitwise predicted that Bitcoin would end the year at $200,000. I still think that’s in play,” Matt Hougan wrote in an April 9 blog post.
He believes the fallout from this month’s trade policy from the White House could be a boon for Bitcoin and the broader crypto market as his administration “wants a weaker dollar, even if it means ending its role as the world’s reserve currency.”
Hougan referenced an April 7 speech by the chair of the White House Council of Economic Advisers, Steve Miran, which slammed the dollar’s hegemony as causing “persistent currency distortions” and “unsustainable trade deficits” that have “decimated” American manufacturing.
Bitcoin’s price recently fell below $75,000 as investors digested Trump’s “reciprocal” tariffs. However, markets sharply rebounded Wednesday after President Trump announced a 90-day pause on tariffs for more than 75 nations. However, China, which recently slapped the US with steep retaliatory tariffs, did not get any relief, as Trump hiked the levies to 125%.
The Bitwise exec suggested that a weak dollar could have both short-term and long-term effects on Bitcoin. He explained that dollar weakness has historically correlated with Bitcoin’s strength, citing the US Dollar Index.
“Dollar down equals Bitcoin up,” Hougan said. “I expect this pattern will continue.”
Hougan believes the disruption to the global reserve currency system in the long term presents opportunities for alternative reserve assets such as gold and BTC:
“Governments and companies turn to the dollar for international trade precisely because of its stability. When that stability comes into question, they have to look elsewhere.”
In conclusion, the pundit predicted that the world will shift from a single reserve currency system to a “more fractured” one, with hard money like the largest crypto by market cap and the precious metal playing a more significant role than they currently do.
BTC is up 5.5% over the past 24 hours to $81,289, according to crypto data provider CoinGecko. It’s down around 30% from its all-time high of nearly $109,000 set on Jan. 20 ahead of Trump’s inauguration.
Read More
Bitcoin Slides Under $84K as Market Caution Deepens Across Crypto and Wall Street