The post ‘Bitcoin is the best thing you can own’ – Strike CEO appeared on BitcoinEthereumNews.com.

Jack Mallers asserted Bitcoin is the ultimate hedge against economic uncertainty. Despite volatility, significant investor interest in Bitcoin persisted. Ever since the approval of the Bitcoin [BTC] spot ETF, the king of cryptos has remained in the limelight. As more institutional investors enter the crypto markets, the question arises — why has Wall Street suddenly become so bullish about crypto? Jack Mallers’s insight on the current macroeconomy  In a conversation with Anthony Pompliano, Jack Mallers, CEO of Strike, implied that this renewed interest in cryptocurrency may be because of the deep-rooted problems that we have in the current geopolitical setup. He further stated that allowing the banking system to fail may be one solution, while the second involved debasing the currency. Mallers considered the latter more likely, suggesting that,  “I think Bitcoin is the best thing you can own.”  Here, Maller is viewing Bitcoin as a hedge against currency debasement and macroeconomic uncertainty.  Further, when questioned about why investors moving away from the dollar and investing in assets like stocks, real estate, Bitcoin, and gold including Wall Street, Mallers noted,  “I think it’s the best expression of fiat debasement. It is the antithesis of fiat currency. It has no Central Bank, it has no government, its monetary policy is fixed, its supply is capped, it’s everything that fiat isn’t. And, so, if your problem is Fiat debasement then it’s best expressed through Bitcoin.”  Diverging opinions on Bitcoin  However, amidst Bitcoin’s price volatility, many are still divided on whether they should buy or sell Bitcoin. Clearing the air around the same, popular crypto analyst Ali Martinez, in his recent X (formerly Twitter) post, shared that there has been significant buying activity amongst certain investors in recent days.   Source: Ali/X This showed continued confidence in the long-term potential of Bitcoin and optimism…

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Filed under: News - @ May 27, 2024 12:22 am