Strike CEO Jack Mallers has said that the U.S. dollar is entering a new era of sustained high inflation — a development that will be particularly positive for Bitcoin BTC/USD.
What Happened: CNBC co-anchor Kelly Evans on Monday asked Mallers why people should expect Bitcoin to have a significant surge in value in the wake of a banking crisis.
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
“There are only two things I can guarantee in this world: one, I will die and the other, there won’t be more than 21 million Bitcoin,” Mallers said.
Mallers's argument was that Bitcoin is a fixed-supply money, meaning its value will appreciate as more dollars enter circulation. As he put it: "Money printer is going brrr. The only thing that’s clear to us, and clear to our customers, is that you cannot hold and save in dollars anymore."
Strike is a popular no-fee app that users can use to quickly make and receive payments over Bitcoin's Lightning Network.
Evans cited former Coinbase COIN CTO Balaji Srinivasan, who predicted last week that the dollar would see hyperinflation and send Bitcoin above the $1 million mark in the next 90 days.
Price Action: At the time of writing, BTC was trading at $27,770, up 0.06% in the last 24 hours, according to Benzinga Pro.
Read More: Michael Saylor Says Dollar Lost 99.88% Of Purchasing Power To Bitcoin Over Last Decade
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
