The CEO of Bitcoin (BTC) wallet and payments application Strike, Jack Mallers, believes that the top digital asset could hit seven figures by the end of 2025.
In a new interview with Daniela Cambone, Mallers says he thinks the US government will start printing money to pay its record-high $34.577 trillion debt obligations.
Because the money printing will debase the currency, he says, investors will start piling into Bitcoin as a safe store of value, sending its price soaring to as high as $1 million by the end of November 2025.
“I don’t think Trump or Biden or RFK is going to get up and say, ‘I’m going to take away your healthcare. I’m going to inflate everything around you. I’m going to crash everything you know. All your bank deposits are gone. We’re going to go through the Great Depression because it’s in the best interest of America.’ That’s not what politicians do. I think politicians are going to say, ‘Here’s a bunch of free shit and this is why you should elect me.’ And they’re going to have to fill the hole of this deficit…
I’m quoted saying $250,000 to $1 million [for a Bitcoin cycle top prediction]. That’s my range, and the range is wide. But you’re asking me to price something in a piece of paper that politicians, who don’t even know how the system works, are actively debasing. So, I think it trivially gets to $250,000. I think $1 million is possible within the next 18 months for that reason.”
Bitcoin is trading for $68,405 at time of writing, up nearly 2% in the last 24 hours.
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Featured Image: Shutterstock/Krit Suppaudom