Benzinga – In a recent prediction, Strike CEO Jack Mallers has forecasted a potential seven-figure price for Bitcoin (CRYPTO: BTC) during the current cycle, driven by efforts to save the bond market.
What Happened: Mallers, the head of Bitcoin’s Lightning Network wallet Strike, believes that Bitcoin could appreciate between 297% and 1,486% from its current level, Daily Hodl reported on Friday. This prediction is based on the potential loosening of monetary policy in an attempt to save the bond market.
Mallers pointed out that the bond market is facing significant challenges for arguably the first time in modern financial history. He noted that bondholders, including banks, are suffering as the bonds purchased with their deposits are underwater.
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Mallers suggests that if central banks…
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