The Fiat System Is Breaking

Jack Mallers, CEO of Strike, outlining why Bitcoin’s recent price stability is not weakness, but maturity. Mallers argues that Bitcoin has entered a new phase similar to a public market “IPO moment,” where early investors can sell into deep liquidity without destabilizing the asset. Meanwhile, the traditional financial system is showing signs of structural stress — from the reverse repo facility running dry to the end of quantitative tightening (QT) — which Mallers believes will force the Federal Reserve to return to money printing.