The financial markets seemed to be a Formula 1 race last week. The courses went in the right direction at full throttle and then fully flying out of the curve due to the increased trading tariffs.
A leading analyst from BitWise expects that Bitcoin (BTC) This year with a value of $ 200,000, the equivalent of 180,000 euros.
Analysts are shared over the future of BTC
The past week was a ‘Race to the Bottom’ for stocks and cryptocurrencies. The S&P 500 crashes and bitcoin and old coins lost dozens of percent.
Matt Hougan, Chief Investment Officer (CIO) at Bitwise, could not harm the negative market. He regularly writes blog posts on financial topics. On April 9, the financial expert shared his positive Future expectations About Bitcoin:
Bitwise predicted in December that Bitcoin’s course would be $ 200,000 at the end of this year. I still think that this prediction is accessible. “
Michael McGlone, analyst at Bloomberg, is not agreing with Matt Hougan. In one interview he made the following prediction via BTC:
In 2020 Bitcoin was at 10,000. That was only a few years ago. I think it goes back in this direction. “
Incidentally, McGlone 2022 made a prediction that later turned out to be correct.
Investors breathe relieved by announcing Trump
The day on which Hougan wrote his blog, the cryptom market received positive news. The White House announced that the increased trading tariffs are off the table for over 75 countries for the time being. President Trump takes a break of 90 days for international trading partners, with the exception of China.
With the customs break, a week of unrest ends at the markets. Investors breathe aisle relieved because the S&P 500 no longer crashes. The stock index experienced the largest daily increase since the outbreak of Covid-19.
The explosive increase shows that the market is hoping for the end of the trade war. Nevertheless, the geopolitical and economic situation remains moody and unpredictable. So there is only a break for countries that are ready to negotiate the import tariffs. China fends off vigorously with measures against the USA. As a result, an import customs of 104 percent applies to this country.
A positive look at the Trump trade tariffs
As a rule, Donald Trump does not stick to a script. As a result, even political insiders do not know whether he will change the strategy again at short notice. It is therefore difficult to predict how the financial markets will develop in the long term.
Hougan believes that Trump’s trade tariffs will ultimately be positive for cryptocurrencies such as Bitcoin. This is related to the weaker position of the dollar. “The Trump government wants a weaker dollar, even if that means that the dollar loses its role as a world reserve currency,” said the Bitwise top manager.
The effect of a weaker dollar on Bitcoin
In his blog post, Hougan mentions a speech by Steve Miran. He has been chairman of the Council of the White House economic advisors since January 2025. Miran is extremely critical of the status of the dollar as a reserve currency. He said among other things:
The reserve function of the dollar has led to continuing currency distortions and, together with unfair trade barriers, contributed to unsustainable trade deficits. “
Lex Hoogduin warns of the loss of the dollar as a reserve currency. “With these tariffs, America shoots itself enormously into their own leg,” said the former President of the Dutch Bank (DNB) in an interview.
Bitcoin learns the consequences of a weaker dollar. According to the Bitwise analyst, there has been a negative correlation between BTC and the American dollar index (DXY) for years. Bitcoin increases when the dollar loses value. Hougan expects this trend to continue, which ultimately is a value of 200,000 a real option for Bitcoin.
In the long term, a weaker dollar offers even more advantages, according to the analyst. He writes about a more fragmented system in which BTC and gold play a major role within the global economy:
A shift in the global macroeconomic system offers space for new reserve agents. ”