Bitcoin Price Will Reach $1 Million, Strike CEO Jack Mallers Reveals Potential Timeline
Bitcoin price is up nearly 3% today, reflecting the bullish momentum in the broader market. Recent strong inflows into the US Spot Bitcoin ETF and regulatory approval for the Spot Ethereum ETF by SEC strengthened the market participants’ emotional.
Meanwhile, amid this positive wave, Strike CEO Jack Mallers further fueled optimism by predicting that Bitcoin could reach $1 million in the near future.
Jack Maller Predicts Bitcoin Price Will Reach $1 million
Jack Mallers, CEO of Bitcoin wallet and payment app Strike, said in a recent interview with Anthony Pompliano. stated He said Bitcoin could rise between 260% and 1,357% in the coming months. In particular, Mallers believes that Bitcoin is still in its early stages and predicts: this is it It could reach $250,000 to $1 million in the next 10 to 18 months.
Meanwhile, Mallers attributes this potential increase to the USA government To manage its $34.577 trillion debt, the Federal Reserve will likely need to increase money printing. He argues that this currency will lose value to increase asset pricesBitcoin stands out as the best performing asset.
Additionally, Jack Mallers argued that: of Bitcoin The value may rise to $250,000 due to current financial instability. Mallers emphasizes that the current economic turmoil has created a significant gap that Bitcoin can fill, attracting investor interest.
In particular, this bold prediction reflects the growing sentiment among cryptocurrency enthusiasts that Bitcoin can serve as a safe haven amid global financial challenges. Mallers emphasizes that constant dollar printing despite high interest rates is inflationary.
Additionally, he remains confident in his bold price target and suggests Bitcoin’s steady supply against the center will continue. of banks Significant challenges support his prediction. He emphasizes that the amount of capital is more important than the cost. of Bitcoin Potential amid economic uncertainties
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Optimism Rising on Price Increase
news Mallers’ prediction is coming on time As US Spot Bitcoin ETFs gain momentum. The journey of Bitcoin ETFs in the US has been tumultuous over the last few weeks, but recent developments have led to a resurgence of interest. According to Farside Investors, the US Spot Bitcoin ETF recorded inflows of over $1 billion this week through Friday, May 24.
Meanwhile, this influx underscores growing confidence among investors, which coincides with the broader cryptocurrency market. of the market positive trend. On the other hand, the approval of the Spot Ethereum ETF by the SEC also played an important role in increasing market sentiment.
As Bitcoin continues to climb, Mallers’ The prediction adds to the growing optimism within the crypto community. His insights reflect a broader belief that: of Bitcoin unique features and available The economic landscape could lead to unprecedented price levels.
Meanwhile, while the Bitcoin price increased by 2.72% at the time of writing and crossed the $69,000 mark, the transaction volume decreased by approximately 50% compared to yesterday, falling to $22.80 billion. According to CoinGlass data, Bitcoin Futures Open Interest increased by 2.92% to 496.16 thousand BTC or $34.33 billion in the last 24 hours.
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A seasoned professional with 3 years of experience in the financial market, Rupam has honed his skills as a meticulous research analyst and insightful journalist. She enjoys exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond traditional boundaries. His contributions include breaking news, examining AI-related developments, providing real-time crypto market updates, and providing insightful economic news. Rupam’s journey is marked by his passion to demystify the intricacies of finance and deliver impactful stories that will resonate with diverse audiences.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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