The CEO of Strike, a Bitcoin wallet and payments application, Jack Mallers, holds the belief that the leading digital asset could reach a value of seven figures by the conclusion of 2025.

During a recent interview with Daniela Cambone, Mallers expressed his belief that the US government will resort to printing money in order to fulfill its outstanding debt obligations, which currently stand at a record-high of $34.577 trillion. Mallers argues that this increase in money supply will devalue the currency, prompting investors to flock towards Bitcoin as a secure store of value. Consequently, he predicts that the price of Bitcoin could skyrocket to as much as $1 million by the end of November 2025.

“I don’t anticipate Trump, Biden, or RFK announcing, ‘I am going to strip away your healthcare. I will inflate everything around you. I will crash everything you hold dear. All your bank deposits will vanish. We will endure a Great Depression because it is in America’s best interest.’ That is not how politicians operate. Instead, I believe politicians will offer ‘freebies’ as a reason to elect them. They will have to cover the deficit…

I have stated a prediction range of $250,000 to $1 million for the peak of the Bitcoin cycle. This range is wide, but it is difficult to assign a price to something that politicians, who possess limited knowledge of how the system functions, are actively devaluing. Therefore, I believe that reaching $250,000 is a straightforward task. I also consider $1 million possible within the next 18 months due to this reason.”

As of now, Bitcoin is trading at $68,405, representing a nearly 2% increase in the past 24 hours.

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Disclaimer: The opinions expressed in The Daily Hodl do not constitute investment advice. Investors are advised to conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and trades are undertaken at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advisory services. Kindly note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Krit Suppaudom