Trump Administration Seeks Weaker Dollar, Boosting Bitcoin Prospects According to Bitwise

Bitwise's report highlights the bullish outlook for bitcoin due to President Trump's administration's desire for a weaker dollar. Key points include:

Trump aims for a significantly weaker dollar, impacting market dynamics.
Bitcoin surged following a 90-day pause on tariffs announced by Trump.
Historically, bitcoin has shown a negative correlation with the U.S. Dollar Index (DXY); as the dollar weakens, bitcoin tends to rise.
Long-term effects of a weaker dollar may position assets like bitcoin and gold as significant reserve options in a changing macroeconomic landscape.
Bitwise maintains its year-end bitcoin price target at $200,000, with current trading around $82,300.