Key Takeaways:
- Bitwise reaffirms its $200K Bitcoin target for 2025, citing weakening U.S. dollar and favorable macro trends.
- CIO Matt Hougan links Bitcoin’s potential gains to U.S. policy shifts and a declining U.S. Dollar Index (DXY), down over 7% YTD.
- Rising global trade tensions and diminishing trust in the dollar may push institutions toward Bitcoin and gold as alternative reserves.
Bitwise, a leading institutional crypto investment firm, is maintaining its bold prediction that Bitcoin could hit $200,000 by the end of 2025, despite growing global trade tensions.
Matt Hougan, the firm’s Chief Investment Officer, reaffirmed the forecast in an April 9 blog post, citing U.S. economic policies that may favor Bitcoin.
"Bitcoin bulls should be inspired by its performance … once this market volatility stabilizes we're going to see it return to new all time highs & beyond." https://t.co/UHIotsL4fu
— Matt Hougan (@Matt_Hougan) April 10, 2025
He pointed to President Trump’s aggressive tariff stance and the administration’s preference for a weaker U.S. dollar—even at the risk of losing its reserve currency status.
Hougan referenced an April 7 speech by Steve Miran, chair of the White House Council of Economic Advisers, who criticized the dollar’s global dominance, blaming it for trade imbalances and industrial decline.
Hougan noted that historically, when the U.S. Dollar Index (DXY) drops, Bitcoin tends to rise—a trend he expects will persist.
The DXY has already fallen over 7% in 2025.
Longer term, Hougan suggested a move toward a more diverse global reserve system, with Bitcoin and gold playing larger roles.
He argued that declining trust in the dollar could push nations and corporations toward alternative assets.
Supporting this shift, VanEck reported that China and Russia are conducting some energy transactions in Bitcoin amid escalating trade frictions.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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