Benzinga - 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 (CRYPTO: BTC).
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.
There are only two things I can guarantee in this world:See More: Top Indian Apps That Give Bitcoin, NFT Rewards- Nobody can live forever
- Nobody can create more than 21M #Bitcoin
For everything else, there will always be more supply given enough demand.
That's why the only two things I truly value are my life and my #Bitcoin https://t.co/2XedO9rFCE
— Jack Mallers (@jackmallers) March 21, 2023
“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 (NASDAQ: 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
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