Institutional crypto investment firm Bitwise maintains its prediction of Bitcoin ending the year at $200,000.
Bitwise Chief Investment Officer believes that escalating global trade tensions, particularly US President Donald Trump's tariff push, could be beneficial for Bitcoin.
The weakening of the US dollar, which is desired by the Trump administration, historically correlates with Bitcoin strength in the short term.
In the long term, disruption to the global reserve currency system opens up opportunities for alternative reserve assets like Bitcoin and gold.