Jack Mallers, CEO of Strike, anticipates that Bitcoin $101,712 will experience significant growth by the end of 2025. Currently, Bitcoin trades around the $101,000 mark.
Weakening of the US Dollar
Mallers indicates that the US dollar will weaken in the coming months due to quantitative easing (QE), positively impacting Bitcoin. Historically, QE has contributed to Bitcoin’s value increase.
However, Mallers warns that Bitcoin may face volatility in the short term. This uncertainty has heightened with the recent inauguration of President Donald Trump.
“I expect volatility in the short term and am optimistic in the long term. The US dollar will need to weaken, and Bitcoin will be the best option against a declining dollar and increasing fiat liquidity.”
Additionally, Mallers notes that heightened uncertainty in the markets could cause Bitcoin to stabilize around the psychological $100,000 level.