The price of Bitcoin is on the rise! It's been climbing lately, along with the rest of the cryptocurrency market. This is likely due to two things: more money is being invested in Bitcoin funds, and the government just approved a new kind of Ethereum fund.
On top of this good news, Jack Mallers, the CEO of a Bitcoin wallet app, thinks Bitcoin could be worth a ton of money in the future - like, a million dollars per Bitcoin! He says Bitcoin is still new and has room to grow, and that the US government printing more money will make Bitcoin even more valuable.
Mallers also thinks that because the economy is a bit shaky right now, more people will want to invest in Bitcoin. Bitcoin enthusiasts believe Bitcoin is a safe bet during tough economic times, even though interest rates are high.
Mallers argues that even with high interest rates, the US government printing more money weakens the dollar, making Bitcoin a more attractive option.
Since there's a limited amount of Bitcoin available, Mallers thinks this, combined with the challenges central banks are facing, makes his prediction very likely. He believes the amount of money being printed is more important than interest rates, and that Bitcoin will do well as the economy gets more uncertain.
