news 
Bitwise CEO: Trump’s ‘tariff tantrum’ could catapult Bitcoin into a bullish phase
April 9, 2025 – In a recent message to his customers, Matt Hougan, the Chief Investment Officer at Bitwise, expressed optimism about the current state of the cryptocurrency market. According to him, President Donald Trump’s recently announced import tariffs could send Bitcoin into a bullish phase.
Trump’s “tariff tantrum” has reportedly caused panic in the markets, with Ethereum crashing and Bitcoin under pressure. However, Hougan remains undeterred by the current market situation. In his message to Bitwise customers, he stated that Bitcoin could become a safety anchor amid the turmoil triggered by Trump’s actions.
It is important to note that the cryptocurrency market has been experiencing significant volatility in recent times. The sudden downturn of major cryptocurrencies like Ethereum and Bitcoin has led many investors to lose hope. However, Hougan’s comments have sparked renewed optimism among some users.
Trump’s tariffs are expected to have a negative impact on global markets, which could lead to further instability. In this context, Hougan believes that Bitcoin could become a safe haven for investors seeking refuge from the impending chaos.
Hougan’s words of wisdom come at a critical time when the cryptocurrency market is reeling under the pressure of Trump’s actions.
Source: https://thebitcoinnews.com/bitwise-ceo-trumps-tariff-tantrum-could-catapult-bitcoin-into-a-bullish-phase/
