In an exclusive interview with David Lin, Strike CEO Jack Mallers has shared bold insights into Bitcoin’s potential path and its broader implications for the financial world. Mallers started the interview with a striking prediction: he suggested that the price of Bitcoin could rise to $1 million. How does he arrive at this prediction?
$1 million prediction
He bases this prediction on the financial instability within the bond markets, which are strongly intertwined with banks. According to Mallers, a possible bailout to stabilize these markets could lead to massive liquidity injections, which would inflate the prices of assets, including Bitcoin.
Bitcoin: the hardest money ever
Mallers described Bitcoin as the “hardest” money ever created, pointing to its limited supply as a key feature. This makes Bitcoin an attractive store of value, superior even to traditional assets such as gold, whose quantity can still be increased.
Role of the Lightning Network
A major topic of discussion has been the Lightning Network and its role in improving the usability of Bitcoin as a currency. Mallers explained that the Lightning Network addresses Bitcoin’s scalability issues by enabling faster and cheaper transactions. He highlighted Strike’s ability to facilitate global Bitcoin transactions in real-time, transforming Bitcoin into a more practical medium for everyday transactions.
Criticism of altcoins
Mallers expressed skepticism about altcoins, including Ethereum, and questioned their viability as real money. He argued that many altcoins are primarily technological experiments rather than true monetary instruments, often designed to exploit trends rather than provide substantive monetary solutions.
Future plans for Strike
As for Strike’s future, Mallers has ambitious plans to make it a leading financial services provider for Bitcoin. He discussed Strike’s expansion into new markets, particularly in Europe, and highlighted the company’s focus on treating Bitcoin as real money – a tool for financial autonomy rather than just speculative investments.
Personal financial strategy
Interestingly, Mallers shared his personal financial strategy, which focuses exclusively on owning Bitcoin and spending through credit, leaving him only exposed to an appreciating asset. This approach, he noted, is a practical application of his confidence in Bitcoin’s future.
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