At $108,250, investors are taking profits from the surge in demand for the currency; Bitcoin whales have accumulated $7.28 billion worth of Bitcoin in just two days. Bitcoin investors are now looking to the Federal Reserve’s comments on its 2025 policy, which if lenient could push Bitcoin to $110,000 in the coming days, while Bitcoin’s fundamentals continue to improve thanks to institutional adoption and Bitcoin Spot ETFs, as large companies hedge against inflation and economic instability, and Bitcoin’s limited supply reinforces its status as an important financial asset.
Jack Mallers' Bold Predictions for $BTC
Bitcoin
Strike CEO Jack Mallers continues to be bullish on Bitcoin’s long-term prospects, predicting in a conversation with Anthony Scaramucci that Bitcoin could hit $1 million if the US government buys 4 million BTC, and that it could reach $250,000 in any case as a result of the global financial crisis and rising national debt.
Jack Mallers predicts Bitcoin will be worth $450 trillion:
"How much higher do I think Bitcoin can go?… 400x higher than it is right now." pic.twitter.com/hFYHtZ3e1Y— Abundant Mines (@AbundantMines) December 18, 2024
Malers points to Bitcoin’s scarcity and resistance to inflation as a significant contributor to its future growth, and expects demand for Bitcoin as an asset class to rise as countries struggle with high debt-to-GDP ratios and depreciating traditional currencies.
