Strike’s CEO, Jack Mallers, has made a bold prediction about the future price of Bitcoin. In an interview with Anthony Pompliano, Mallers suggested that the largest cryptocurrency could reach a value between $250,000 and $1 million within the next 10 to 18 months. This prediction is based on Mallers’ belief that Bitcoin is still in its early stages of evolution and that the global economic environment, particularly in the US, is setting the stage for its meteoric rise.
Mallers pointed to the US government’s management of its national debt as a key factor fueling his optimistic outlook. With the national debt reaching a record $34.57 trillion, Mallers predicts that the government will resort to printing more money to manage this debt. This, in turn, will lead to the devaluation of the US dollar and act as a catalyst for Bitcoin’s price rise as investors seek assets that preserve value.
According to Mallers, Bitcoin’s status as the best-performing asset and “the best money in human history” will contribute to its meteoric price rise during this economic turmoil. As the US dollar and other currencies lose value, he believes more people will turn to Bitcoin, driving its price into the predicted range. Mallers is confident that Bitcoin’s fundamental qualities make it an attractive option during periods of financial instability.
Mallers expressed strong confidence in his price prediction, focusing on the amount of capital being printed rather than the cost of capital. Despite interest rates being at 5.5%, the continuous printing of the US dollar reinforces his belief in Bitcoin’s upward trajectory.
In conclusion, Mallers highlighted the unprecedented challenges faced by central banks and compared Bitcoin’s fixed supply to the biggest problem they have ever had to deal with. This comparison strengthens his belief that Bitcoin, as the most stable asset in human history, is poised to reach ambitious price targets of $250,000 to $1 million, making it a potentially lucrative investment in the coming years.
Disclaimer: The information in this article is not investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.