CEO of Lightning Network Wallet Strike Predicts Bitcoin Surge to Six Figures

The CEO of Lightning Network wallet Strike, Jack Mallers, made some wild predictions about a possible trigger in a recent interview with Fox Business that would push Bitcoin to six figures in value.

Mallers highlights the game-changing potential of Bitcoin, predicting that as the US government struggles with growing debt, its value will reach “hundreds of thousands of dollars per coin”. According to him, Bitcoin’s price is a combination of cutting-edge technology and fiat liquidity, and its rise is certain given its standing as a better currency and cutting-edge technology.

Mallers claims that the turning point comes when the government, drowning in debt totaling trillions of dollars, starts printing money to keep the economy going. He argues that this flood of created money is what drives the rise in financial assets, with Bitcoin leading the way because of its scarcity.

“Bitcoin goes up the most because it’s the hardest to make more of,” says Mallers. If the government decides to create money rather than do a hard reset, assets such as gold, cryptocurrency, and equities are likely to see significant increases.

Economic Landscape and Bitcoin’s Role

According to Mallers, the government’s option to print money in order to prop up the economy is distinct and has a big effect on both traditional and digital assets. He emphasizes the significance of diversifying assets away from US dollars in order to protect against possible devaluation brought on by an overabundance of money production.

Mallers claims that “as they print the money, they’re stealing from all the people that hold US dollars” and promotes alternative assets as a hedge against fiat currency depreciation, such as the S&P 500, gold, and Bitcoin.

The current value of Bitcoin is $37,311.34, indicating a little gain over the previous day. The intricate relationship between economic forces and Bitcoin’s changing function as a store of wealth is made clear by Mallers’ observations.