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$BTC To 1 Million Prediction !!!
Bitcoin Price Prediction: Is the Next Bull Run About to Hit $1 Million?
In a recent conversation with analyst Scott Melker, Jack Mallers, the CEO and founder of Strike, a global Bitcoin app, explained why he is a Bitcoin maximalist.
He emphasized that this prediction is grounded in economic fundamentals, including the likelihood of inflation soaring and the impact of civil unrest.
Despite some recent outflows from U.S. Bitcoin ETFs, Mallers noted that global accumulation continues, with Australia’s Bitcoin ETF leading the charge and over 110 businesses now building on Bitcoin in Africa.
Here’s an insight into BTC’s next move amidst the looming danger of a market crash due to the debt rate rising.
Central Bank Policies and Money Printing
Mallers speculated that we may be entering a phase where central banks attempt to price-fix the bond market, which could lead to an unprecedented amount of money printing.
He compared this potential scale of money printing to multiple instances of the stimulus measures taken during the COVID-19 pandemic.
According to Mallers, this massive increase in money supply will likely drive up the prices of various assets such as gold, real estate, and equities.