Jack Mallers, CEO of payment application Strike, Bitcoin $107,285.9He stated that the current situation, where the price of (BTC) is above $ 100,000, gives positive signals. In a new interview with Anthony Scaramucci, Mallers said Bitcoin could rise as high as $1 million, an increase of approximately 871%.
Reasons for Bitcoin’s Rise
Mallers focused on factors that could trigger Bitcoin to reach its seven-figure price target. He stated that if the United States buys 1 million Bitcoins, Bitcoin can easily reach the level of 1 million dollars. He also noted that current fiscal policies will also play an important role.
Bitcoin is currently trading at $106,994, up 3.6% in the last 24 hours. Mallers emphasized that the US and global financial situation is a positive catalyst for Bitcoin, the crypto asset with the highest market value.
“We will see one of the largest asset bubbles in human history. Finances are a problem and we have too much debt. “Bitcoin will continue to be the best performer because it is the scarcest and most difficult asset to produce.”
Economic Bubble and the Role of Bitcoin
Mallers noted that the US domestic debt-to-GDP ratio is approximately 130% and the global debt-to-GDP ratio is over 300%. He questioned that this situation would bring about a huge financial loss and when this loss would occur.
Additionally, Mallers said he expects further currency depreciation and asset inflation, with Bitcoin likely to be the best-performing asset during this period.
While Bitcoin continues its upward trend under current market conditions, investors and market observers are carefully following Jack Mallers’ comments. These views offer an important perspective on Bitcoin’s future potential.
Considering recent economic indicators and Bitcoin’s competitive advantages, it is expected to have significant impacts on the dynamics of the cryptocurrency market. For investors, these developments can help them make informed decisions about potential opportunities and risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
