#PowellRemarks

Market Update

Bitcoin's price has been affected by recent tariff announcements, with a notable drop below $76,000 after President Donald Trump's additional 50% tariff on China went into effect. Despite this short-term volatility, some experts believe Bitcoin could see tremendous growth if the US dollar continues to decline.

Expert Opinions

- *Binance CEO Richard Teng*: Suggests Bitcoin could recover despite recent risk-off sentiment from investors, citing its potential as a non-sovereign store of value during economic instability.

- *Bitwise's Chief Investment Officer Matt Hougan*: Believes a weaker dollar could positively impact Bitcoin's price due to its negative correlation with the US Dollar Index (DXY).