Bitcoin Targets $200K by Year-End but Could Struggle Short-Term: Jack Mallers

Twenty One Capital CEO Jack Mallers says Bitcoin could hit new all-time highs before the end of 2026, but might see lower prices in the short term.

Mallers explicitly projected a rally to between $150,000 and $200,000, surpassing its October 2025 peak price of $126,200. Despite his bullish stance, however, he sees BTC chopping further downward in the near term before this move.

Key Point

• Twenty One Capital CEO Jack Mallers says Bitcoin could hit between $150,000 and $200,000 before the end of 2026, but might see lower prices in the short term.
• Mallers noted that Bitcoin would struggle again if the tariff fracas persists, calling it the only freely traded market globally and, as such, a true reflection of market sentiment.
• Despite these short-term impediments, Mallers believes Bitcoin would perform exceptionally in the longer term, as the market catches up with narratives.
• Other prominent industry figures also share a similar outlook on Bitcoin’s price.

Macros to Hamper Short-Term Bitcoin Growth

During the Monday episode of “The Jack Mallers Show” on YouTube, Mallers was asked whether the Donald Trump tariff ruling would affect Bitcoin.

For the uninitiated, the US president renewed his tariff brandishing with a new levy hike on eight new European countries, effective February 1. However, the Supreme Court could rule on Trump’s use of tariffs as early as today, creating tension in the markets.

In response, Mallers noted that Bitcoin would struggle again if the tariff fracas persists. He believes this is so because the BTC market is the only freely traded market globally and, as such, a true reflection of market sentiment.

He went on to highlight his earlier comments that Bitcoin lacks sufficient “follow-through strength” to withstand macroeconomic developments. As a result, it is one announcement away from intense volatility, mainly targeting leveraged market participants.

Bitcoin Will Reach New Highs in the Longer Term

Despite these short-term impediments, Mallers believes Bitcoin would perform exceptionally in the longer term. He highlighted that while the narratives currently front-run the market, the latter would catch up with time.

For perspective, he noted that there would be a lot of money printing, which would cause inflation and favor safe-haven assets like Bitcoin. Again, he mentioned that the Federal Reserve would cut rates, increasing fiat circulation and hence, investor risk appetite.

However, none of this is happening at the moment. Nonetheless, one cannot rule out the possibility. Citing these instances, Mallers predicted that BTC would hit between $150,000 and $200,000 before the end of this year.

“But we might dip a little before we go higher,” he reiterated.

Growing Conviction Bitcoin Will Reach $150K-$200K

Interestingly, other prominent industry figures also share a similar outlook on Bitcoin’s price. For context, Binance co-founder Changpeng “CZ” Zhao predicted that the crypto leader would reach $200,000, calling it the most “obvious thing in the world.”

Furthermore, Standard Chartered expects Bitcoin to reach $150,000 by the end of 2026. Haseeb Qureshi, the managing partner at Dragonfly, also predicts that BTC will surpass the $150,000 mark this year.