Strive CEO: Bitcoin could see its strongest macro tailwind in history over the next 5 to 7 years, as a weakening U.S. dollar will significantly benefit Bitcoin.

Strive CEO Matt Cole stated in a recent post that he has believed for over a decade the US Dollar Index (DXY) is in a structural downtrend, and may now be approaching a larger-scale decline phase. If this outlook holds, the macro environment for Bitcoin over the next 5 to 7 years could be more favorable than any period in its history. Cole noted that over the past roughly 45 years, the DXY has generally formed lower highs and lower lows, while the continuous expansion of US federal debt and fiscal deficits, plus rising risks for long-term US Treasuries, also fundamentally support this view. He pointed out that policymakers will ultimately face a trade-off between higher real interest rates, tighter financial conditions, and lower real interest rates, maintaining liquidity, and a certain degree of currency depreciation. Cole added that Bitcoin’s previous major rallies all coincided with sharp US dollar weakness, including in 2017 when DXY fell from around 103 to 88, 2020 to 2021 when it dropped from ~103 to 89, and 2025 when it retreated from ~108. His baseline assessment is that the US dollar may enter a new multi-year decline over the next 3 to 7 years, with DXY even potentially testing its 2008 low of around 70. Cole also mentioned that the US Treasury Department announced today it will at least double the size of its liquidity support repurchase operations for 10-year to 30-year US Treasuries. He argued that if the dollar ultimately sees a genuine long-term structural breakdown, Bitcoin’s macro tailwinds over the next 5 to 7 years could be significantly stronger than any period in its history.