CEO of Bitcoin (BTC) wallet and payments application Strike, Jack Mallers, is predicting that the flagship crypto asset could hit a seven-figure price. Mallers says that Bitcoin could soar between 260% and 1,357% in the coming months.
“I think we’re still so early in the Bitcoin story. I’m publicly on record saying I think Bitcoin hits $250,000 to $1 million in this cycle. So now I’m speaking the next 10 to 18 months.”
“I think people would be willing to pay $250,000 for a Bitcoin based on the mess that I think… I mean, there’s a massive hole and there’s a loss that has to be realized. That loss is going to come through debasing the currency. Asset prices are going to go up and what is the best asset and the best-performing asset? What’s the best money in human history? And so I think that has to be accurately priced.”
“People are too fixated on the cost of capital as far as rates. They need to be more fixated on the amount of capital which is they’re still printing dollars. It doesn’t matter that rates are at 5.5% – it’s still inflationary.
And so for those reasons… how am I supposed to predict the most fixed asset in the history of mankind against the biggest f-up problem that central banks have ever had to try and solve? I mean, come on $250,000 to $1 million. I feel super confident about that.”
