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Image Credit: Coin Telegraph

Bitwise doubles down on $200K Bitcoin price prediction amid trade tension

  • 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.

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