‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months
NEW YORK (December 9) Bitcoin's repeated surges above the $100,000 mark—and its subsequent pullbacks just below that key level—are turning what once seemed impossible into a recurring event. Against this backdrop, investors need to gear up for major changes in U.S. monetary policy coming in the next 12-36 months, according to Jack Mallers, founder and CEO of Strike.
Proposals that once sounded radical now appear plausible, Mallers tells Jeremy Szafron, Kitco News anchor. Take Wyoming Senator Cynthia Lummis’s controversial plan to gradually shift a portion of America’s gold reserves into Bitcoin: 1 million BTC over 20 years, roughly 5% of the total supply.
“If the Bitcoin Strategic Reserve is signed and put in place, I think this would be the biggest U.S. economic announcement since Nixon in ’71,” Mallers said.
This would signal a strategic pivot away from unlimited printing and debasement toward a finite, technologically advanced asset. “It’s not just a hedge,” he said. “It’s pro-business, pro-labor, pro-energy, and it shows we acknowledge the problem and we’re building towards it.”
Such moves gain significance in an economy where U.S. debt tops $36 trillion and central bankers, including Fed Chair Jerome Powell, acknowledge Bitcoin’s growing role as a competitor to gold.
The cryptocurrency has climbed over 132% this year, with its market cap around $1.9 trillion—surpassing major national currencies. Mallers, who holds no dollars, frames Bitcoin’s appeal simply: “If everyone wants more of something—be it iPhones or cheeseburgers—suppliers just make more. But if everyone wants more Bitcoin, you can’t make any more. That’s why it demands a higher price.”
The recent volatility near $100,000 underscores both the asset’s explosive potential and the fierce debates over its valuation.
Mallers foresees a transformative 12 to 18 months. He predicts the U.S. might begin buying Bitcoin “as soon as quarter one of next year,” potentially triggering a global scramble for this finite asset. “Are other sovereigns front-running the United States?” he asked, hinting at an international race to secure a foothold in what could become the world’s premier store of value.
He also expects Bitcoin to trade between $250,000 and $1 million in 2025, depending on the outcome of the Bitcoin strategic reserve. “People are starting to realize fiat currencies are actively debased… and Bitcoin is increasingly the solution,” Mallers said.
KitcoNews
