Articles for tag: Bitcoin Price Prediction, Bitwise, cryptocurrency investments, economic impact, market trends, Matt Hougan, US dollar

April 10, 2025

Bitwise Reaffirms $200K Bitcoin Price Prediction Despite Trade Tensions Affecting Cryptocurrency Market Dynamics

Bitwise, an institutional crypto investment firm, remains confident about its bold Bitcoin price prediction of $200,000 by the end of the year, despite rising global trade tensions. Matt Hougan, the firm’s chief investment officer, believes the weakening US dollar, influenced by recent trade policies, could positively impact Bitcoin’s value. He notes that historically, a declining ...

April 9, 2025

Market News

Crypto

Trump Tariffs Spark Debate: Could Bitcoin Outlast the US Dollar in Today’s Economy?

Concerns over President Trump’s global tariffs are leading experts to believe that Bitcoin could become a serious rival to the US dollar in the near future. Jeff Parks of Bitwise Invest noted that the idea of Bitcoin outlasting the dollar now feels more tangible, especially as confidence in the dollar is declining. With other currencies ...

April 9, 2025

Market News

Crypto

Trump Tariffs Spark Renewed Interest in Bitcoin as Potential US Dollar Alternative – TradingView Insights

Concerns about U.S. President Donald Trump’s recent global tariffs are leading analysts to believe that Bitcoin could potentially rival the U.S. dollar in the coming years. Jeff Parks from Bitwise Investments noted that the ongoing instability might make Bitcoin the preferred choice for investors as trust in the dollar diminishes. With other currencies appearing weaker ...

April 9, 2025

Market News

Crypto

Trump Tariffs Spark Renewed Debate on Bitcoin’s Longevity Against the US Dollar – TradingView Insights

Growing concerns about U.S. President Trump’s global tariffs are leading experts to believe that Bitcoin may soon compete with the U.S. dollar. Jeff Parks from Bitwise Investments noted that the likelihood of Bitcoin outlasting the dollar in our lifetime feels like a genuine possibility now. As trust in the dollar fades and other currencies seem ...

April 3, 2025

Market News

Crypto

Understanding Bitcoin’s Correlation with the US Dollar: Essential Insights for Forex Traders

Bitcoin’s connection with traditional financial markets, particularly its inverse relationship with the US dollar, is crucial for forex traders. Over the past five years, Bitcoin’s correlation with the US Dollar Index has varied, often moving in the opposite direction of the dollar. Factors like interest rates, inflation, and Market liquidity significantly influence this relationship. For ...

April 1, 2025

Market News

Crypto

Top New Cryptos to Invest in as Blackrock’s Larry Fink Predicts Bitcoin’s Rise Over USD

Larry Fink, the CEO of BlackRock, warns that the US dollar might lose its dominance to Bitcoin, a view echoed by Senator Cynthia Lummis. Fink highlights the risks of rising US debt and emphasizes the need for digital assets like Bitcoin to maintain economic stability. He believes decentralized finance could undermine the dollar’s supremacy. With ...

March 15, 2025

Market News

Crypto

Bitcoin and Stablecoin Adoption: Key Drivers of Accelerating Dedollarization in the Global Economy

The US dollar has been the dominant global currency for decades, used in nearly 60% of foreign exchange reserves. However, its supremacy is being challenged due to geopolitical tensions and economic changes, prompting countries to seek alternatives. Sanctions against nations like Russia have led to increased use of cryptocurrencies, with some countries considering a shift ...

March 8, 2025

Market News

Crypto

Bitcoin Price Surges as Historical Link to US Dollar Index Declines Revealed by Analysts

Bitcoin has faced challenges staying above $90,000 since dropping below $95,000 on February 24, experiencing significant price fluctuations recently. Its realized volatility hit its highest level since Q3 2024. Analysts are closely watching the US dollar’s decline, with some suggesting it could lead to new Bitcoin highs. James Coutts, a crypto analyst, highlighted that when ...

February 2, 2025

Market News

Crypto

AUD/USD Weekly Forecast: Anticipating Impact of RBA Rate Cut Speculation on Currency Trends and Market Movements

The Federal Reserve decided to keep interest rates steady, which strengthened the US dollar. Meanwhile, former President Trump announced plans to impose tariffs on Canada and Mexico, further boosting the dollar’s appeal. In Australia, inflation rose less than expected, increasing bets on a possible rate cut by the Reserve Bank of Australia. This combination of ...

January 14, 2025

Market News

Crypto

Bitcoin’s 900% Gains Since 2020 Offset 7% Inflation as USD Declines 20%: A Look at Cryptocurrency’s Resilience

Bitcoin is often viewed as a hedge against inflation, boasting a low inflation rate of 0.83%, especially when compared to the US dollar, which saw inflation peak at 9.1% in 2022. From 2020 to 2025, Bitcoin’s price skyrocketed by approximately 960%, while the US Dollar Index only increased by 12%. When adjusted for inflation, the ...