Bitwise CIO claims tariff tantrum likely bullish for bitcoin as a ‘more fractured reserve system' forms
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Matt Hougan, Bitwise's CIO, suggests that ongoing trade tensions and potential dollar devaluation could strengthen Bitcoin's position as a global store of value. Despite short-term volatility, Hougan predicts Bitcoin could reach $200,000 by 2025, driven by a potential 'more fractured reserve system'.
April 09, 2025 | 1:00 pm
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Bitcoin experienced a 4% drop in 24 hours due to new Chinese tariffs, but Bitwise remains optimistic about its long-term value proposition amid global economic uncertainties.
The article directly discusses Bitcoin's potential price movements, highlighting both short-term market volatility and long-term bullish predictions based on global economic shifts.
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