Recently, Jack Mallers, the CEO of Strike appeared on FOX Business to drop one of the most legendary TV news hits of all time, the clip has since gone viral on X.
Sit down, grab some popcorn, and prepare for 5 of the most entertaining minutes in Bitcoin.
Fox Business Host (Charles):
So what do you see, what’s the future, the near term, and the long term future for #Bitcoin?
Jack Mallers:
Oh my gosh, this thing is going to be hundreds of thousands of dollars per coin, Charles. I mean, the US Government is in so much debt.
The way I think about Bitcoin’s price:
Bitcoin’s Price = technology + Fiat Currency Liquidity
So, it is going to go up because it is innovative tech and better money. But what really shoots it up at a neck-breaking pace is when our government is in tens of trillions in debt and has to roll that debt over.
So they have got a lot of money to print and financial assets are going to soar. Bitcoin goes up the most because it is the hardest to make more of. It’s over man. This thing is going to the moon.
Charles:
You know, it's so interesting too, because it is not just the United States. I was reading today that globally, advanced nations each with all of this Fiat Currency will have to spend $2 Trillion on the interest alone. And they won't stop spending, Jack. They just won't stop spending money and it's coming back to haunt them. It’s making people realize that Fiat Currencies are not the place to be huh?
Jack:
Charles, this would be my message to America, give me a second on this one. Guys, the USA has about $10 Trillion over the next two years to roll over, refinance. That’s debt. Our country is in debt. It’s a huge problem. They have got three options.
One, they could pay it back. But it's not a real option, we don’t have the money, we are broke.
Two, our government could come out and say:
“You know what guys, we screwed up. After World War II we changed the way money worked, we got off the Gold Standard, we issued debt all over the place, we got way too cocky. And actually, all of our Banks, dont have your money — they’re insolvent. All of the airlines you fly on aren’t actually good businesses that should be in business. Health Care shouldn’t actually be free. We Screwed Up. We piled on so much debt and screwed up the younger generation and were in huge trouble. So we are going to have to let everything fail and reset this country.
Now, they are not actually going to do that, are they Charles? They have a third option which is unique to the Government. They can print the money that they are missing. And when they print the money they are missing, they are stealing from all of the people that hold US Dollars.
So what they’ll do, what they’ll have to do — is print dollars and the only way to save yourself is to own not dollars. That’s when you see things like the S&P 500 and gold and Bitcoin soar! So that’s what’s gonna happen over the next two years, they have to print three times more than they did during [COVID].
Jack is just beginning to roll downhill before he is interrupted by the Host.
Charles
I love your enthusiasm, Jack, we’re going to bring you back. I really do love your enthusiasm and your message thanks a lot for sharing it with us thanks a lot.
Wow, take a deep breath to digest that one.
If you enjoyed the article, I encourage you to engage with this post and to check out some of my other writings below. Also, follow the link to my YouTube channel where I hope to cover useful topics in bitcoin to help bring this knowledge of this new digital technology to the masses.
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It’s Over Man, Bitcoin Is Going To The Moon was originally published in The Dark Side on Medium, where people are continuing the conversation by highlighting and responding to this story.
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