Bitcoin may outlast the US dollar

Bitcoin may outlast the US dollar, says crypto asset manager Bitwise, as escalating Trump tariffs on China trigger fears of a breakdown in the global economic order.

Crypto asset manager Bitwise has said that Bitcoin may outlast the US dollar.

At the same time, Bridgewater Associates founder Ray Dalio is warning of a “once-in-a-lifetime” breakdown in the world’s monetary and geopolitical order — a shift that could reshape global finance far beyond the trade war.

“Higher chance Bitcoin survives over the dollar in our lifetime after today. First time the thought hit me and didn’t feel like theory but an actual truth to grapple with,” wrote Jeff Park, Bitwise’s head of alpha strategies, in an April post on X.

Park’s comment came after US President Donald Trump raised trade tariffs against China to 104%, escalating his trade war against the world’s second-biggest economy and the rest of the world.

Investors Left With Fewer Options Could End Up Buying Bitcoin

Bitwise CEO Hunter Horsley echoed Park’s view, arguing that diminishing trust in fiat currencies and limited alternatives could push more investors toward Bitcoin.

Horsely said on X that investors are left with fewer choices than before as trust in the dollar dwindles and other foreign currencies are seen as “even weaker.”

You're a nation that doesn't trust the U.S. right now.

You want to store value in something other than U.S. assets.

But you don't want to own other nations' currencies/debt/assets because they're even weaker and you expect they'll debase it.

So you could buy gold. But how…— Hunter Horsley (@HHorsley) April 9, 2025

The Bitwise CEO said that gold, which has historically been a hedge against uncertainty, has its own drawbacks, including shipping and storage. As such, he believes that investors might prefer Bitcoin.

Horsely and Park’s views on Bitcoin and the dollar are similar to that of Strategy executive Chair Michael Saylor. Earlier this month, Saylor wrote on X that “Bitcoin offers resilience in a world full of hidden risks.”