Global markets continue their downward spiral with the S&P 500 dropping 10% in five days as President Trump escalates trade tensions by imposing 104% tariffs on China despite warnings from Wall Street heavyweights.
BitMEX founder Arthur Hayes suggests China’s potential yuan devaluation in response to US tariffs could trigger a crypto bull run, citing similar patterns from 2013 and 2015 when Chinese investors fled to cryptocurrencies.
Bitwise CIO Matt Hougan focuses on the certainty that the Trump administration wants a significantly weaker dollar, which historically correlates with stronger Bitcoin performance.
Despite current market turbulence, Bitwise maintains its ambitious US$200k Bitcoin price target for 2025,…
