Bitcoin is expected to reach the US$100,000 mark during the end-of-year festivities, he says, in an exclusive interview with CNN Brazil.
“It is important to understand that it will still take some attempts to stabilize at this mark. Around the end of December we will see bitcoin ‘flirt’ with this number. After stabilization, there are no obstacles in sight”, he highlights.
Currently, the market and investors in crypto assets are following the momentum of bitcoin, which hit US$90,000 for the first time in its history after the election of Donald Trump in early November.
This Friday (29), the crypto was around the level of US$ 97 thousand, pausing the rally seen in recent weeks.
According to the CEO, the lack of bitcoin supply for the high market demand, regardless of the institution or agent, drives the new interest in the scenario.
“For this reason, bitcoin must have a high price, as we cannot make more of the digital currency. All this new demand is met in bids to buy bitcoin from the existing market”, he highlights.
Despite this, Mallers says that the value of digital currency is not in the stock speculation around the cryptoactive, but in the ability to store value, income and financial return in the long term.
“The price of bitcoin should not surprise anyone, as it is the scarcest asset in human history. This is a fundamental factor in understanding appreciation more than anything else in comparison”, he states.
Booking in the USA
The implementation of a strategic bitcoin reserve in the United States would be the most important economic policy in the country’s history, said the CEO.
The creation of a digital reserve was one of President-elect Donald Trump’s campaign promises, which signaled a pro-crypto stance.
Mallers claims that the announcement of the digital stock would be equivalent to the de-indexation of the dollar in relation to gold in 1971, when the USA, during Richard Nixon’s administration, officially annulled the currency’s convertibility with the precious metal.
“This would be a positive announcement when compared to the history of US economic policies, which are mostly defensive, as it would not be reactionary, but offensive, something that would be in favor of growth [econômico]innovation and the country.”
For Strike’s CEO, the campaign promise is aligned with the population’s interest in dealing with the main problems in the US economy.
“This would be a measure that addresses fiscal, deficit and inflation problems”, he mentions.
