Bitcoin will rise to $1 million in the long term, Strike CEO Jack Mallers believes. The printing run in developed countries is fueling inflation.
Paper money is depreciating in value and investors will be forced to move into more reliable ones. Bitcoin is firmly entrenched in this list.
In the long term, the coin will grow to $1 million, and in the coming years we will see it break above $250,000, Mallers said.
We’re in for a massive banking crisis and the collapse of giants like JPMorgan and Bank of America.
The bankruptcy of Silicon Valley Bank last March was an alarming signal. The Federal Reserve will try to stabilize the situation by further tightening monetary policy.
But the regulator’s measures will only provoke new financial turmoil, and investors will start entering bitcoin en masse, Strike’s CEO emphasized.