Here's a simplified version:
$BTC
Jack Mallers, $CEO of Strike, a Bitcoin wallet app, thinks Bitcoin's price could skyrocket in the next year or so. He believes it could go up by 260% to 1,357%, reaching anywhere from $250,000 to $1 million. Mallers says this is because the U.S. might print more money to deal with its huge debt, which could make Bitcoin more valuable. He also thinks Bitcoin could hit $250,000 because of financial instability. Mallers says that even though interest rates are high, printing more money can lead to inflation, making Bitcoin an attractive investment.
