Strive CEO: Bitcoin Could ‘Go to Infinity' as Dollar Debt Crisis Breaks

Strive CEO Matt Cole says Bitcoin (BTC) could effectively go to infinity against the US dollar, arguing that a mounting Washington debt crisis, not Bitcoin’s own scarcity, is what will ultimately break the currency’s value.

Cole made the comments on Bloomberg Crypto, as digital assets have reclaimed $3 trillion in market value since January. Strive, a Bitcoin treasury company that raises capital to buy and hold BTC on its balance sheet, has been one of the more aggressive buyers through the cycle.

A Debt Crisis, Not a Bitcoin Story Cole argued that the 10-year Treasury yield would already sit north of 10% if the Federal Reserve and the Treasury Department stepped back from the bond market entirely.

He credits Treasury Secretary Scott Bessent with capping long-end rates for now, but says that intervention only delays a reckoning, since neither party in Washington shows any willingness to cut spending.