Bitwise Predicts Bitcoin Surge Due to Potential US Dollar Weakening

A new report from Bitwise, an analytics firm specializing in crypto assets, suggests that President Trump’s preference for a weaker U.S. dollar could significantly benefit Bitcoin (BTC). According to the report, this is due to a long-standing inverse relationship between Bitcoin and the US Dollar Index (DXY), as witnessed over the past five years. When the dollar weakens, Bitcoin typically rises.