The CEO of Strike, a Bitcoin wallet and payments application, Jack Mallers, has made a bold prediction about the future price of Bitcoin (BTC). In an interview with Anthony Pompliano, Mallers stated that he believes Bitcoin could reach a price in the range of $250,000 to $1 million within the next 10 to 18 months, representing a potential increase of 260% to 1,357%.

Mallers bases his prediction on the assumption that the US government will resort to printing more money to cover its massive $34.577 trillion debt. This, in turn, will lead to currency debasement and a rise in asset prices, with Bitcoin being the best-performing asset and the best form of money in history. Mallers believes that this will result in people being willing to pay high prices for Bitcoin.

Expressing confidence in his prediction, Mallers emphasizes that people should focus more on the amount of capital being printed rather than the cost of capital. Despite interest rates being at 5.5%, he argues that the inflationary nature of continuously printing dollars is a significant factor to consider.

Mallers acknowledges that predicting the price of Bitcoin, which he considers to be the most fixed asset in history, against the backdrop of the complex issues faced by central banks is challenging. However, he remains steadfast in his belief that Bitcoin will reach his ambitious price target.

As always, investors are advised to conduct thorough research and due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades should be approached with caution, as any losses incurred will be the sole responsibility of the individual. The Daily Hodl does not provide investment advice or act as an investment advisor, and readers are urged to exercise caution and seek professional guidance.