Strike’s Jack Mallers eyes $1M per BTC amid the sovereign debt crisis and looming money printing by central banks.has retested the range-lows at $61K and threatened to drop lower. Despite the downside negative volatility, some industry figures have remained giga-bullish on the top digital asset.
MicroStrategy’s Michael Saylor recently projected that BTC could hit $10 million per coin. Strike’s CEO, Jack Mallers has joined the list of bold BTC’s long-term forecasts with a target of $1M per BTC.Mallers’ price target was hinged on his projection of central banks printing money to prop up the bond markets. According to the executive, such a scenario would fuel BTC, too, and was inevitable.
The debt instruments could be short or long-term. However, the sector is reportedly in crisis and demands a massive bailout, per Mallers.that the ongoing Japan crisis and dumping of US bonds could lead to a ‘stealth liquidity’ injection and boost BTC. “Another way to monetize the inherent speculation that the populace has to go through this debasement period.’
Put differently, memecoins, per Mallers, are part of degenerate speculation caused by central banks’ currency devaluations.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.Subscribe to get it daily in your inbox.
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