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Title: Bitwise Sees Opportunity in Tariff Fallout as It Maintains $200K BTC Target
In the wake of recent tariff announcements by the US government, Bitcoin (BTC) has been affected, with its price experiencing a sharp drop. However, despite this volatility, Bitwise believes that this market turbulence presents an opportunity for investors to capitalize on.
According to Travis Hougan, managing partner at Bitwise Asset Management, the current situation is actually a sign of the increasing importance of decentralized assets like Bitcoin in the global financial system. He explained that the recent drop in the Dollar Index (DXY), which has decreased by over 7% since the start of 2025, highlights the historical inverse correlation between Bitcoin and the dollar.
Hogan sees this as an opportunity for Bitcoin to solidify its role as a global reserve asset, particularly as investors begin to question the stability of the US currency. In his view, this instability will prompt governments and corporations to seek alternative safe-haven assets, which he believes Bitcoin is well-positioned to provide.
The recent developments in trade tensions have led to significant concerns about inflation and potential economic disruption. Hougan believes that these factors will only strengthen Bitcoin’s value proposition as a store of value and hedge against market uncertainty.
In addition to the growing demand for decentralized assets like Bitcoin, institutional adoption has also been driving the cryptocurrency’s upward trajectory. This trend is expected to continue, with Bitcoin being the most attractive option for investors seeking diversification in their portfolios.
As the global economy navigates these uncertain times, Hougan maintains his target of $200K for BTC by year-end, citing factors like the rise of alternative reserve assets and institutional demand as key drivers.
Source: https://crypto-economy.com/bitwise-sees-opportunity-in-tariff-fallout-as-it-maintains-200k-btc-target/
