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Bitcoin to $200k! Bitwise CIO: Trump’s Dollar Strategy Could Fuel Bitcoin’s Next Bull Run
In a recent client note, Bitwise CIO Matt Hougan emphasized the potential for Bitcoin (BTC) to reach $200,000 due to the current shift in US dollar policy. The prediction comes as a result of President Donald Trump’s administration pushing for a weaker greenback.
According to Hougan, this new strategy could lead to a significant decrease in the value of the US Dollar Index (DXY). As the dollar falls, Bitcoin typically rises, making it an attractive option for investors seeking alternative stores of value.
“The dollar needs to go lower,” Hougan stated. This change in policy could lead to a more fractured system where other assets, such as gold and cryptocurrencies like Bitcoin, take on a larger role.
Source: https://coincentral.com/bitcoin-to-200k-bitwise-cio-trumps-dollar-strategy-could-fuel-bitcoins-next-bull-run/
