A Weak Dollar Could Send Bitcoin Soaring, Says Bitwise CIO 👀
Matt Hougan, the Chief Investment Officer at Bitwise, thinks a weaker U.S. dollar could be a big win for Bitcoin. He’s betting on a future where the dollar isn’t the only big player in town, and Bitcoin steps up as a key part of a more diverse currency system. He’s sticking to his bold prediction that Bitcoin could hit $200,000 by the end of the year.
I think Hougan’s got a point—Bitcoin tends to shine when people lose faith in traditional money, like a weakening dollar. A fractured reserve system sounds plausible too, given how global finance is shifting. That $200,000 prediction? It’s gutsy, and I’m skeptical it’ll hit that soon—Bitcoin’s wild, but that’s a massive jump. Still, the idea of it gaining ground long-term feels spot-on if trust in fiat keeps slipping!
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