🌋Jack Mallers: "Bitcoin will be worth $1 million already in this bull cycle"👌

🌞The CEO of payment service Strike predicts that bitcoin could reach $250,000 and even rise in value to $1 million already during the cryptocurrency market's ongoing bull rally right now.

🌞Jack Mallers, on a podcast with Pomp Investments founder Anthony Pompliano, explained his bold prediction with an argument: bitcoin is still in its early stages of development. Right now, the bond market is facing problems, so central banks can inject a significant amount of liquidity into the financial system to stabilize it. This influx of liquidity will trigger the growth of assets, including bitcoin, the businessman believes.

🌞Many financial experts call bitcoin a bubble or an asset for speculation, but Jack Mallers disagrees: bitcoin is becoming more and more popular for Wall Street financial giants who are changing their attitude towards cryptocurrencies for the better. The Strike executive believes that bitcoin's limited supply of 21 million coins makes BTC as inflation-resistant as possible, unlike government currencies and gold.

🫴"Bitcoin can be called the hardest form of money - due to the fixed schedule of coins appearing and halving every four years. The rate at which new coins are issued is gradually decreasing, while increasing the long-term value of bitcoin," emphasized Strike's CEO.

🌞Lightning Network, a second-tier solution created for instant and cheap transactions based on Bitcoin blockchain, is able to further increase the demand for the first cryptocurrency. After all, the businessman is convinced, bitcoin can be used for everyday purchases, such as buying coffee.