Strike CEO Jack Mallers is bullish on Bitcoin, predicting it could soar to $1 million, representing an 871% increase from its current price of $106,994. He attributes this potential surge to the U.S. purchasing four million Bitcoin and the prevailing fiscal challenges, suggesting that further currency debasement and asset inflation will favor Bitcoin as a scarce asset.
Jack Mallers, CEO of Strike, advocates for a US strategic Bitcoin reserve, arguing it would benefit Americans by addressing fiscal issues and supporting retail investors, corporations, and institutions. He emphasizes that this initiative is pro-business and aims to secure the value of the US dollar amid rising national debt. Senator Cynthia Lummis plans to introduce legislation for the government to acquire one million BTC within five years.
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