His prediction is rooted in growing instability across traditional financial systems and what he believes is the emergence of the most powerful bull market in history.
Strike founder Jack Mallers has issued a bold forecast for Bitcoin, suggesting the cryptocurrency could climb to between $250,000 and $1 million in the not-so-distant future.
Mallers argues that central banks have distorted the natural economic cycle through years of intervention and artificial market stabilization. Rather than allowing businesses and markets to correct themselves, central banks have increasingly acted to avoid short-term pain, creating what he calls a “price-fixing regime.”
“Entropy is natural in the universe,” Mallers said, adding that suppressing volatility and avoiding corrections has built up massive pressure in the system. According to him, this interference has removed all semblance of honest price discovery in key markets — except for Bitcoin.
He also pointed to the bond market as the biggest red flag. Once considered one of the most stable financial instruments, it’s now showing signs of serious dysfunction. Mallers described it as “the most unruly, holy mother mecca of all markets,” suggesting that even central banks are struggling to contain its volatility.
This breakdown, in Mallers’ view, creates a unique opening for Bitcoin. Unlike traditional assets, Bitcoin remains untouched by central bank manipulation. Its decentralized structure and resistance to artificial control give it a rare appeal to investors looking for long-term protection and transparency.
With this backdrop, Mallers believes Bitcoin is uniquely positioned to absorb the inflow of capital fleeing unstable systems. He sees the asset as a hedge not just against inflation, but against the entire monetary policy structure that has led to the current fragility.
“The greatest asset bull market in the history of bull markets is coming,” he recently said, emphasizing that his company, Strike, is preparing for this shift by aligning its treasury strategy accordingly.
In Mallers’ view, Bitcoin is not just a speculative play — it’s a systemic solution ready to thrive as the cracks in traditional finance widen.
Japanese investment firm Metaplanet has officially joined the ranks of the world’s largest corporate Bitcoin holders, announcing Thursday the purchase of 145 BTC — pushing its total stash to 5,000 BTC, currently valued at around $460 million.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Veteran Bloomberg Intelligence strategist Mike McGlone has reiterated his bearish stance on Bitcoin, adding Dogecoin (DOGE) to the list of assets showing signs of weakness.
Bitcoin’s recent dip below $100,000 might feel discouraging, especially after soaring to $109,000 earlier this year.