{"id":36317,"date":"2024-08-20T10:51:06","date_gmt":"2024-08-20T10:51:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/strike-ceo-jack-mallers-predicts-bitcoin-surge-as-us-faces-dollar-liquidity-crisis\/"},"modified":"2024-08-20T10:51:06","modified_gmt":"2024-08-20T10:51:06","slug":"strike-ceo-jack-mallers-predicts-bitcoin-surge-as-us-faces-dollar-liquidity-crisis","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/strike-ceo-jack-mallers-predicts-bitcoin-surge-as-us-faces-dollar-liquidity-crisis\/","title":{"rendered":"Strike CEO Jack Mallers Predicts Bitcoin Surge as US Faces Dollar Liquidity Crisis"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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CEO of Bitcoin wallet and payments network Strike Jack Mallers recently expressed optimism about the future of Bitcoin, citing expected changes in US monetary policy as the main driver. As the nation navigates economic issues relating to the value of the dollar, Mallers hinted in an interview with Kitco News that the federal government would soon enact measures beneficial to the price of Bitcoin.<\/p>\n

Economic Pressures Force Dollar Dilemma<\/h2>\n

According to Mallers, the US finds itself in a precarious position where both a strong and a weak dollar pose risks. The recent market turmoil on August 5th, which saw significant drops in both stocks and crypto, highlights this dilemma. The crash was partly due to the unwinding of the yen carry trade\u2014a strategy where investors borrow low-interest yen to invest in high-yield assets like stocks and cryptocurrencies. When the yen unexpectedly rallied, these investors were forced to sell their assets, buy yen, and repay their loans, causing a market sell-off.<\/p>\n

Mallers argues that the US now faces a tough choice. Strengthening the dollar could trigger another wave of sell-offs, while weakening it might lead to more money printing\u2014something Mallers believes is inevitable. \u201cWhat I think we saw is the dollar weakened against the yen: trouble \u2013 unwinding of a carry trade,\u201d<\/em> he explained. He also noted that if the dollar strengthens, it could make dollar debt more expensive to service, leading to further asset liquidations and rising Treasury yields, ultimately forcing the US to print more money.<\/p>\n

In Mallers\u2019 view, this environment could be a boon for Bitcoin. He predicts that once the market detects new dollars entering the system, Bitcoin will surge<\/a> and outperform other asset classes. \u201cMy expectation is they will [print more money], and I think Bitcoin will outperform,\u201d<\/em> Mallers stated, adding that while Bitcoin will lead, other markets like the S&P 500 will also follow suit.<\/p>\n

As of now, Bitcoin trades at $60,751.87 reflecting a 4.51% increase in just one day. Mallers\u2019 insights suggest that if his predictions hold, Bitcoin could be poised for significant gains in the near future.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) CEO of Bitcoin wallet and payments network Strike Jack Mallers recently expressed optimism about the future of Bitcoin, citing expected changes in US monetary policy as the main driver. As the nation navigates economic issues relating to the value of the dollar, Mallers hinted in an […]<\/p>\n","protected":false},"author":34,"featured_media":36318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36317"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=36317"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/36318"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=36317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=36317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=36317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}