Strike CEO Jack Mallers Predicts Bitcoin Will Outperform S&P 500 as US Needs Dollar Liquidity Soon
Jack Mallers, CEO of Bitcoin wallet and payments app Strike, believes that the US government will take actions that will benefit the price of Bitcoin. Mallers argues that the US cannot afford a strong or weak dollar following the recent stock and crypto wipeout caused by the unwinding of the yen carry trade. Mallers predicts that Bitcoin will outperform other asset classes once fresh dollars are injected into the system, as investors seek liquidity and protection against currency debasement. At the time of writing, Bitcoin is trading at $60,503, up 3.31% in the past day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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