Bitcoin: Strike CEO Predicts Price Surge to $1 Million in 18 Months
Jack Mallers, CEO of Bitcoin wallet and payment application Strike, has made a bold prediction about the future price of the largest cryptocurrency. In an interview with Anthony Pompliano, Mallers suggested that Bitcoin could potentially reach a value between $250,000 and $1 million within the next 10 to 18 months, indicating a remarkable increase. At the time of Mallers’ statement, Bitcoin was trading at around $69,000, underscoring the significant growth he envisions.
Mallers emphasized his belief that Bitcoin is still in its early stages of development, publicly expressing his confidence that the cryptocurrency will reach a seven-figure price within the current cycle. This prediction is based on Mallers’ view that the global economic environment, particularly in the US, is laying the groundwork for Bitcoin’s meteoric rise.
One of the key factors fueling Mallers’ optimistic outlook is the US government’s handling of its national debt, which has reached a record $34.57 trillion. Mallers predicts that the government will resort to printing more money to manage this debt. According to him, the devaluation of the US dollar will serve as a catalyst for Bitcoin’s price surge as investors seek assets that maintain their value.
Mallers asserted that Bitcoin, as the best-performing asset and “the best money in human history,” will experience a rapid increase in price due to this economic turmoil. As the US dollar and other currencies lose value, he believes that more people will turn to Bitcoin, driving its price into the predicted range. Mallers is confident that Bitcoin’s fundamental qualities will make it an appealing option during times of financial instability.
Mallers expressed strong confidence in his price prediction, emphasizing the importance of focusing on the amount of capital being printed rather than the cost of capital, such as interest rates. Despite interest rates being at 5.5%, Mallers’ belief in Bitcoin’s upward trajectory is reinforced by the inherent inflationary nature of continuous US dollar printing.
Mallers concluded by highlighting the unprecedented challenges faced by central banks. He compared Bitcoin’s fixed supply to the “biggest f***ed-up problem” that central banks have ever had to contend with. This stark 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, potentially becoming a lucrative investment in the years to come.
Disclaimer: The information provided in this article should not be considered investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research.
