Bitwise Maintains $200K Bitcoin Price Forecast Amid Trade War Jitters
Institutional digital asset investment firm Bitwise is maintaining its optimistic Bitcoin price forecast and adhering to its year-end target of $200,000. The reassertion comes during a time of increasing global trade tensions and the weakening of the US dollar, both of which are favorable drivers for cryptocurrency assets.
Dollar Weakness Bolsters Bitcoin
Bitwise Chief Investment Officer Matt Hougan echoed the forecast in a blog post dated April 9, attributing moves by the US administration to debase the dollar.
“Back in December, Bitwise predicted that Bitcoin would end the year at $200,000. I still think that’s in the mix,” Hougan said.
He cited quotes from White House economic advisor Steve Miran, who bemoaned the status of the US dollar as global reserve currency and traced it to decades-long trade deficits and the decline of industry.
Hougan demonstrated how a weaker dollar has, in the past, benefited Bitcoin, referencing the US Dollar Index (DXY), which has declined by over 7% since Jan. 2025.
“Dollar down is Bitcoin up. I think this trend will persist,” Hougan said.
Long-Term Case: Reserve Currency Shift
Hougan envisioned that more long-term consequences of dollar volatility would drive interest in alternative reserve assets like Bitcoin and gold.
“Governments and companies use the dollar for international trade because it’s stable,” he said. “When that stability is threatened, they have to seek alternative places.”
He sees a drift away from an individual reserve currency toward a “more fractured reserve system,” where hard assets like Bitcoin will carry more clout.
Bitcoin as a “Fast Horse”
Its upswing was also aided by popular crypto trader Will Clemente, who stated BTC is “the fastest horse” in today’s macro environment.
“It’s a clean image of liquidity and no gains. Economic uncertainty and deglobalization are Bitcoin positives,” he posted on X.
BTC has increased by 7.5% over the past 24 hours to $81,700—still down about 32% from its January record high, in keeping with previous bull cycle corrections.
As trade tensions escalate and currency markets react, Bitwise’s faith in Bitcoin’s resistance appears stronger than ever.
