The global financial system could be nearing a major turning point, according to Strike CEO Jack Mallers, who believes the era of unchecked debt and unbalanced trade is beginning to unwind.
In his view, assets like Bitcoin and gold—both limited in supply—could become increasingly valuable in the face of shifting economic power.
Mallers paints a picture of a world in transition. For decades, the U.S. has depended on issuing debt to fund imports, effectively trading paper for real-world goods. That arrangement, he suggests, worked in the aftermath of World War II but is no longer viable as the country’s debt soars past $35 trillion and foreign appetite for U.S. bonds wanes.
He argues that what we’re witnessing now is a slow-motion correction: trade patterns are evolving, supply chains are recalibrating, and traditional alliances are being tested. China, for instance, continues to run a large trade surplus, while the U.S. finds itself with fewer international buyers for its debt.
Against this backdrop, Mallers anticipates a “realignment” in global finance—one where monetary volatility becomes more common and predictable growth harder to come by. This is where fixed-supply assets, like Bitcoin and gold, could prove to be safe havens.
He notes that while markets initially reacted positively to Trump’s pro-growth, pro-business stance, investors are now being forced to grapple with the deeper structural issues underpinning the economy. As the world navigates this uncertain terrain, assets immune to dilution may offer a level of stability that traditional instruments cannot.
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