Bitwise CIO comments: Trump’s tariff policy may weaken the U.S. dollar, providing a tailwind for Bitcoin prices.

In a client report dated April 9, Matt Hougan, Chief Investment Officer (CIO) of U.S. asset management firm Bitwise, stated, "It’s now clear that the Trump administration is willing to sacrifice the U.S. dollar’s status as the world’s reserve currency in pursuit of a significantly weaker dollar." Amid ongoing market turmoil and an endless stream of news that has unsettled investor sentiment, Hougan noted that the White House’s strategy has become more defined.

According to Hougan, this policy shift could have a major impact on Bitcoin. In the short term, historical data since 2020 shows a notable inverse correlation between the U.S. Dollar Index (DXY) and Bitcoin—when the DXY declines, Bitcoin tends to rise...