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Bitcoin Stands To Win If Trump Tanks The Dollar, Bitwise Says

Bitcoinist LogoBitcoinist6d ago

Bitcoin Stands To Win If Trump Tanks The Dollar, Bitwise Says - Bitcoinist

Quick Summary:

In a newly released investor note, Bitwise Chief Investment Officer (CIO) Matt Hougan argues that Bitcoin stands to benefit significantly from the Trump administration’s push toward a weaker dollar—even if that push risks ending the dollar’s long standing role as the world’s reserve currency.

Hougan contends that a conscious drive to weaken the dollar bodes well for digital assets in both the short and long term.

In the near term, he points to Bitcoin’s historically negative correlation to the US Dollar Index (DXY), a relationship that often sees Bitcoin climbing as the dollar falls.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 17:00:32 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27759764

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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