Despite escalating global trade tensions and economic uncertainty, the institutional cryptocurrency investment firm Bit has maintained its confidence in the Bitcoin price forecast for the end of the year.
According to Crypto News on the 10th (local time), Matt Hougan, Chief Investment Officer (CIO) of Bit, reaffirmed in a blog post published on April 9th his prediction from last December that Bitcoin could reach $200,000 before the end of 2025. Hougan argued that recent U.S. trade policy developments under former President Donald Trump's tariff policy could have a positive impact on Bitcoin.
According to Hougan, despite the administration's risk to the role of the U.S. dollar as the world's reserve currency, the willingness to weaken the dollar could ultimately benefit decentralized assets like Bitcoin.
He cited a speech by Steve Miran, chairman of the White House Council of Economic Advisers, on April 7th, who criticized the dollar's reserve currency status for distorting global trade and weakening U.S. manufacturing.
Hougan believes that deliberately moving away from a strong dollar could have immediate and sustained consequences for Bitcoin's trajectory.
"In the short term, there is a well-documented inverse relationship between the U.S. Dollar Index (DXY) and Bitcoin," Hougan wrote. "A dollar decline means a Bitcoin rise. I expect this pattern to continue."
According to TradingView data, the DXY, which tracks the dollar against six major currencies, has fallen more than 7% since early 2025.
In the long term, Hougan anticipates a move from a single global reserve currency to a diversified system. In such a future, he sees Bitcoin and gold playing more important roles in international finance.
"If the stability of the dollar is questioned, governments and corporations will need to look elsewhere," he added.
Supporting this view, VanEck recently reported that China and Russia have begun settling some energy transactions in Bitcoin, suggesting possible changes in global trade dynamics.
Meanwhile, Trump maintains a 10% tariff on all countries except China, applying a 125% tariff rate to China, but temporarily suspended most proposed mutual tariffs for 90 days.
Cryptocurrency analyst Will Clemente agrees with Hougan's optimism, describing Bitcoin as the "fastest horse" amid global economic uncertainty.
Meanwhile, BitMEX founder Arthur Hayes argued that China's response to U.S. tariffs, particularly the potential devaluation of the yuan, could trigger a new wave of capital outflow into Bitcoin.
Drawing parallels with previous years like 2013 and 2015, Hayes claimed that similar economic conditions led Chinese investors to use Bitcoin as a hedge against currency devaluation.
According to reports, the cryptocurrency market experienced a severe correction on a day dubbed "Black Monday," with total liquidations exceeding $1.36 billion in a single day.
Cryptocurrencies were not the only assets swept by selling pressure. U.S. stock futures plummeted on Sunday night, heightening fears of a broader market collapse.
S&P 500 futures fell 5.98%, Nasdaq 100 futures dropped 6.2%, and Dow futures declined 5.5%, all suggesting a chaotic start to the trading week.
Bitcoin is currently trading at around $81,700, rising 7.5% in the past 24 hours but down 32% from its January peak, showing a pattern similar to previous bull market corrections.
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