Jack Mallers, the CEO of Bitcoin wallet and payments application Strike, has made a bold prediction about the future of the top digital asset. In an interview with Daniela Cambone, Mallers suggests that Bitcoin could reach a value of seven figures by the end of 2025.

Mallers bases his prediction on his belief that the US government will resort to printing money to address its staggering $34.577 trillion debt obligations. This money printing, he argues, will lead to the devaluation of the currency and prompt investors to turn to Bitcoin as a safe store of value. As a result, Mallers envisions Bitcoin’s price skyrocketing to as high as $1 million by November 2025.

According to Mallers, politicians are unlikely to openly admit to destructive economic policies. Instead, they will offer promises of free benefits to gain support. However, this will only exacerbate the deficit and further justify the need for money printing.

Mallers acknowledges that his prediction range of $250,000 to $1 million for a Bitcoin cycle top is wide, but he justifies it by emphasizing that politicians, who lack an understanding of the system, are actively devaluing the currency. Therefore, he believes that reaching $250,000 is a trivial outcome, and he sees a possibility of Bitcoin hitting $1 million within the next 18 months.

At the time of writing, Bitcoin is trading at $68,405, experiencing a nearly 2% increase in the past 24 hours.

It is important to note that the opinions expressed by Mallers and featured on The Daily Hodl are not investment advice. Investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. All transfers and trades should be made at one’s own risk, with any resulting losses being the individual’s responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor.