Matt Hawgan noted that the dependence of the global economy on the US dollar caused a significant imbalance at international financial venues.
“The American government will seek a weaker dollar, even if it hurts the status of the world reserve currency. In the long run, the devaluation of the dollar can change the global financial system, increasing the role of alternative reserve assets, such as bitcoin and gold, ”Hawgan said.
In his opinion, the transition to a fragmented system of backup currencies is practically inevitable. In such a situation, the first cryptocurrency, having a stable offer and independence from the authorities, will become an increasingly popular tool for investors.
The volatility caused by Donald Trump’s tariff policy hit the stock market more than on bitcoin. As soon as the market stabilizes, Bitcoin will update the historical maximum, the BitWise top manager emphasized.
Earlier, Matt Hawgan said that Donald Trump’s decision to create a strategic reserve in Bitcoin eliminated the last risk for the first cryptocurrency.
Source: Bits
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