The chief executive of payments app Strike says he is bullish on Bitcoin for 2025 as BTC chops around the $100,000 range.
In a new interview on crypto influencer Natalie Brunell’s YouTube channel, Jack Mallers predicts that the US dollar will weaken in the coming months due to quantitative easing (QE), which has historically been bullish for Bitcoin.
[adinserter block="1"]However, Mallers warns that in the short term, Bitcoin may exhibit volatility.
“I’ve been pretty vocal that I expect volatility in the short term, and I’m very bullish in the long term. My logic behind that is the dollar has to get weaker. It’s math. And I think a year from now, the dollar will be tremendously weaker than it is today. And I think Bitcoin is the best expression of currency debasement, of a weaker dollar, of more fiat liquidity. And I expect Bitcoin to be the highest performer again, as it always is, because it’s the only fixed thing you can own in the face of a weaker dollar.”
Mallers believes Bitcoin volatility may last for about two months because there remains market uncertainty with US President Donald Trump just coming into office this month.
“In the short term, I expect volatility. There’s been a lot of promises made, a lot of new folks coming into power, coming into financial authority…
Markets love certainty, and when there’s uncertainty, there’s volatility. So in the near term, it doesn’t surprise me that Bitcoin is hugging this psychological $100,000 number. I wouldn’t be surprised if Bitcoin dipped. Volatility could be to the upside as well, but I expect a lot of uncertainty in the next month or two, and I expect a lot of bullishness in the next year.”
Bitcoin is trading for $104,782 at time of writing, flat on the day.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
