Bitcoin Could Soar Up To $1M, Says Strike CEO Jack Mallers: 'Violent To The Upside'
Portfolio Pulse from Benzinga Neuro
Strike CEO Jack Mallers predicts Bitcoin could reach between $250,000 to $1 million due to potential monetary policy changes aimed at saving the bond market. He cites the scarcity of Bitcoin and its role as a key performance indicator for adoption as reasons for this potential surge. Despite a recent sell-off signal and resistance, bullish sentiment remains in the crypto community.
April 26, 2024 | 2:11 pm
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Bitcoin's value could skyrocket between 297% and 1,486% from its current level, according to Strike CEO Jack Mallers, due to potential monetary policy changes.
Jack Mallers' prediction is based on the potential loosening of monetary policy to save the bond market, which could significantly increase liquidity and drive up asset prices, including Bitcoin. Given Bitcoin's scarcity and its increasing adoption as a monetary unit, any move by central banks and governments to inject liquidity into the market could disproportionately benefit Bitcoin.
CONFIDENCE 75
IMPORTANCE 95
RELEVANCE 100