Jack Mallers: Bitcoin can be called the hardest form of money

Jack Mallers, CEO of the Strike payment platform, believes that against the backdrop of a bullish rally in the crypto market, Bitcoin will be able to reach $250,000. The expert also allowed the main cryptocurrency to grow to $1 million.

Mallers justified his forecast by the fact that BTC is still at an early stage of development. Currently, the bond market is problematic, so regulators can introduce a significant amount of liquidity into the financial sector, which needs to be stabilized.

The influx of funds into the market is a prerequisite for the growth of assets, including the first digital coin, the entrepreneur believes. Many financial market experts consider BTC a bubble or a speculative asset, but Mallers does not support this point of view.

BTC is becoming increasingly popular among financial companies who are changing the attitude towards digital currencies for the better. The head of Strike believes that the limited supply of BTC makes the crypto coin as resistant to inflation as possible.

Mallers asserts that Bitcoin can be considered the hardest form of money due to its immutable release schedule and halving events every four years. These halvings decrease the rate of new coin issuance, enhancing Bitcoin’s long-term value.

And the Motley Fool predicts BTC will rise to $400,000. Analysts even suggested that Bitcoin could reach $1 million with the help of infusions of funds from institutions through Bitcoin ETFs.

Experts have reported an increasing number of pension funds and hedge funds in the BTC market that manage billions of dollars. Thanks to ETFs, they can easily include the main cryptocurrency in their investment portfolios. Already 700 investment structures have invested $5 billion in such products.

If financial institutions invest at least 5% of their $129 trillion in assets in BTC, Bitcoin’s capitalization could surpass $7 trillion. This, according to the Motley Fool, explains the asset price forecast of $400,000.