Jack Mallers, CEO of Strike, recently expressed a bullish outlook for Bitcoin (BTC), projecting it could reach $1 million per coin. His prediction comes in the wake of a potential bond market bailout and looming money printing by central banks.
Despite Bitcoin's recent retest of range lows at $61K and the negative short-term pressure from Germany and Mt. Gox's $9 billion BTC dump, industry leaders remain optimistic. MicroStrategy's Michael Saylor even suggested BTC could soar to $10 million per coin.
In an interview with Scott Melker, host of ‘The Wolf of All Streets,’ Mallers stated, “I think a million-dollar Bitcoin is reasonable, it’s not impossible.” He bases his projection on central banks' likely money printing to support the bond markets, which he believes will inevitably boost BTC.
The Bond Market's Role in BTC's Future
Mallers emphasized that BTC's price discovery is significantly influenced by its halving events, which reduce the supply schedule. However, he sees the sovereign debt market as a more substantial catalyst for BTC's growth. Sovereign debt, or bonds, allow governments to finance national programs. The current crisis in this sector might demand a large-scale bailout, potentially driving BTC's value higher.
Echoing similar sentiments, Galaxy Digital’s Mike Novogratz and BitMEX’s founder Arthur Hayes have highlighted the impact of bond market dynamics on BTC. Hayes pointed out that the ongoing crisis in Japan and the dumping of US bonds could lead to a ‘stealth liquidity’ injection, further propelling BTC.
Memecoins and Speculation
Mallers also touched on the rise of memecoins, particularly those on the Solana blockchain. He views these as a manifestation of the speculative behavior driven by central banks’ currency devaluations. “Another way to monetize the inherent speculation that the populace has to go through this debasement period,” he noted.
Short-Term Challenges for BTC
Currently, BTC faces selling pressure, having dropped to $61K amid news that Mt. Gox will start repaying victims in early July. Charles Edwards, founder of Capriole Fund, remarked on the situation, “Germany is dumping $3B and now Mt. Gox is dumping $9B Bitcoin.”
Despite these challenges, the long-term outlook for BTC remains strong, with key industry figures advocating for its potential to reach unprecedented highs.

Disclaimer: The information provided in this article is intended for informational purposes only. Cryptocurrency trading involves significant risks, and it is advised to conduct thorough research before making any financial decisions.
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