Bitcoin rose from around $76,000 last week to the current level of about $85,000 this week.

In the chart, a range trading between $76,000 and $85,000 seems to be forming. If the market has no clear direction, there is a sense that it may move within this range for a while.

Regarding the recent market rise, isn’t the biggest factor the news that tariffs were suspended for 90 days?

This news about tariffs being halted suggests that funds flow into stock and cryptocurrency markets when tariffs are suspended, and the more tariffs are tightened, the more free trade is hindered, possibly causing economic stagnation.

This could further fuel inflation, and the current economic situation remains quite cautious, doesn’t it?

Also, with rising U.S. Treasury yields, President Trump is reportedly urging the Fed to cut rates at this stage. If a more favorable scenario occurs where tariffs are reduced and rates are cut simultaneously, it could have a significant impact on the market.

In the current tense economic environment, this is a short-term negative, but I feel that Bitcoin’s long-term potential as digital gold could increase in demand.

◯ Bitcoin Upside Scenario—Cardano, Charles Hoskinson

According to Cardano blockchain founder Charles Hoskinson, Bitcoin (BTC) at around $81,000 today could surge to as much as $250,000 within the year if major tech companies like Microsoft and Apple enter the crypto asset industry.

In an interview with CNBC, Hoskinson remained optimistic about Bitcoin’s future despite recent market turmoil caused by Donald Trump’s tariff policies. He said that if concerns about tariffs ease and the moves of the Federal Reserve influence the market, Bitcoin could rise to that level by the end of this year or next year.

According to Hoskinson, stablecoins pegged to fiat currencies like the U.S. dollar may be widely adopted by tech giants such as Apple, Microsoft, and Amazon—the Magnificent Seven—CoinDesk

◯ Ray Dalio: Stock declines are driving money into gold and away from U.S. Treasuries

Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, discussed the relationship between falling stock prices, U.S. Treasuries, and gold in a Bloomberg interview.

When stock prices fall, except for ultra-low interest-rate currencies like the Japanese yen, the dollar tends to rise against many currencies. U.S. Treasuries, regarded as a safe asset, are typically bought and rise in price.

However, an extremely unusual event occurred in this stock-market decline: the dollar fell against all currencies including the yen, euro, and yuan, while U.S. Treasuries, which even during Lehman Brothers’ crash rose, fell.

Some financial insiders, including the author, are far more worried about these moves than the stock decline itself. A drop of nearly 20% in stocks happens once every several years, but a drop in U.S. Treasuries and the dollar during a stock decline has not happened before.

When the yield curve widens, the dollar weakens, and the market becomes volatile, that reflects a shortage of buyers for dollar assets. So I am more concerned with that than with tariffs.

— From the Global Investment Institute

◯ Arthur Hayes “Buy Everything”

Arthur Hayes (co-founder of BitMEX) mentioned on X since April 10 that the “10-year U.S. Treasury yield” would suggest, ultimately, to “buy everything!”

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(This article has been distributed since 2016)

Cryptocurrency Market Analysis [April 15]