‘I Feel Super Confident About That’: Jack Mallers Says Bitcoin To Explode by up to 1,357% – Here’s the Timeline

The 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 in a new interview with Anthony Pompliano 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.”

Bitcoin is trading at $68,653 at time of writing.

Mallers predicts that the US government will be forced to turn on the money printers to pay the bills on its record-high $34.577 trillion debt. Mallers says that the ensuing currency debasement will provide the catalyst needed to send Bitcoin soaring to his astronomical price target.

“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.”

The Strike CEO also says that he feels “super confident” about his big price target for BTC.

“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***ed-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.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post ‘I Feel Super Confident About That’: Jack Mallers Says Bitcoin To Explode by up to 1,357% – Here’s the Timeline appeared first on The Daily Hodl.