{"id":620216,"date":"2023-03-21T02:08:00","date_gmt":"2023-03-21T07:08:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/21\/top-reasons-why-bitcoin-btc-price-will-hit-1m-strike-ceo-jack-mallers\/"},"modified":"2023-03-21T02:08:00","modified_gmt":"2023-03-21T07:08:00","slug":"top-reasons-why-bitcoin-btc-price-will-hit-1m-strike-ceo-jack-mallers","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/21\/top-reasons-why-bitcoin-btc-price-will-hit-1m-strike-ceo-jack-mallers\/","title":{"rendered":"Top Reasons Why Bitcoin (BTC) Price Will Hit $1M: Strike CEO Jack Mallers"},"content":{"rendered":"
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\"Why<\/figure>\n<\/div>\n
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The collapse of centralized financial institutions \u2013 including FTX, Credit Suisse, First Republic Bank, Silvergate Capital, and Signature Bank, among others \u2013 has increased the investors\u2019 appetite for risky assets like Bitcoin and Gold.<\/p>\n

Tech Billionaire Elon Musk has compared the recent banking crisis with the 2008 financial extremity. Moreover, the 2008 financial crisis, which brought forth Bitcoin in 2009, was preceded by the collapse of Lehman Brothers Inc., which was operational for 158 years.<\/p>\n

With the United States Federal Reserve printing massive amounts of dollars to save the collapsing banking industry, Bitcoin prices are expected to soar higher<\/a> in the coming years. Moreover, more countries are expected to adopt Bitcoin as a deflationary asset, if not legal tender.\u00a0<\/p>\n

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Bitcoin Beats hyperinflation<\/h2>\n

Speaking on CNBC\u2019s Power Lunch with Kelly Evans, Strike CEO Jack Mallers, discussed the role of Bitcoin in the ongoing banking crisis. Mallers is convinced Bitcoin price will hit $1 millio<\/a>n, fueled by global hyperinflation.<\/p>\n

According to Mallers, the Fed has tarnished its name by printing more money to save the banking industry despite claims to reduce inflation to 2 percent. As such, Mallers expects tomorrow\u2019s FOMC statement on the interest rate to push Bitcoin prices to higher demand<\/a>.<\/p>\n

Moreover, Mallers reiterated the fact that there would only be 21 million Bitcoin units despite the increase in demand.\u00a0<\/p>\n

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There are only two things I can guarantee in this world:<\/p>\n

\u2013 Nobody can live forever
\u2013 Nobody can create more than 21M #Bitcoin<\/a><\/p>\n

For everything else, there will always be more supply given enough demand.<\/p>\n

That’s why the only two things I truly value are my life and my #Bitcoin<\/a> https:\/\/t.co\/2XedO9rFCE<\/a><\/p>\n<\/div>\n

\u2014 Jack Mallers (@jackmallers) March 21, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Notably, Mallers bashed the altcoin industry for being centralized, with founders holding massive coins at the expense of the secondary market. As such, Mallers think altcoins are suitable for speculation and should ultimately be used to accumulate more Bitcoins.<\/p>\n

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\u201cMy overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin,\u201d Mallers said<\/a>.<\/p>\n<\/blockquote>\n<\/div>\n

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Was this writing helpful?<\/h4>\n

No<\/span> Yes<\/span><\/h5>\n<\/div>\n
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\"Photo <\/a><\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Sohrab Khawas<\/p>\n","protected":false},"excerpt":{"rendered":"

The collapse of centralized financial institutions \u2013 including FTX, Credit Suisse, First Republic Bank, Silvergate Capital, and Signature Bank, among others \u2013 has increased the investors\u2019 appetite for risky assets like Bitcoin and Gold. Tech Billionaire Elon Musk has compared the recent banking crisis with the 2008 financial extremity. Moreover, the 2008 financial crisis, which […]<\/p>\n","protected":false},"author":1,"featured_media":620217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,534,1279],"tags":[],"class_list":{"0":"post-620216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-financial","9":"category-reasons"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/620216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=620216"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/620216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/620217"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=620216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=620216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=620216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}