$1,000,000: Jack Mallers' Bold Bitcoin Prediction ↑
Jack Mallers, CEO of Strike, predicts a rise in Bitcoin's price to $1 million, citing economic instability and Bitcoin's potential to serve as a safe haven during turbulent times.
Optimism in the Crypto Market
The recent influx into the US spot Bitcoin ETF and the SEC's approval of the spot Ethereum ETF have significantly boosted market sentiment. In this positive environment, Jack Mallers reiterated his bold prediction in an interview with Anthony Pompliano: Bitcoin could reach $1 million in the near future. According to Mallers, the price could increase between 260% and 1,357% in the coming months. He views Bitcoin as still being in an early developmental stage and expects the price to be between $250,000 and $1 million within the next 10 to 18 months.
Reasons for the Potential Price Surge
Mallers attributes this potential surge to the economic challenges faced by the United States. The government may need to increase the money supply through the Federal Reserve to manage its $34.577 trillion debt. This currency devaluation would drive asset prices up, with Bitcoin standing out as a particularly promising asset.
