Strike CEO: Bitcoin Will Hit $1M

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According to Strike CEO Jack Mallers, Bitcoin’s price is expected to reach $1 million in the long term. The rapid printing of money in developed countries is accelerating inflation, causing paper currency to lose value.

This will prompt investors to switch to more reliable assets, and Bitcoin has firmly cemented itself as one of those assets. In the near future, we can expect the coin to surpass $250,000 in value.

Mallers also predicts a major banking crisis, with major institutions like JPMorgan and Bank of America potentially collapsing.

The bankruptcy of Silicon Valley Bank in March 2020 was seen as a troubling sign, and the Federal Reserve’s attempts to stabilize the situation by tightening monetary policy will only create further financial turmoil. As a result, investors will flock to Bitcoin, according to Mallers.