Jack Mallers, the CEO of Bitcoin wallet and payments app Strike, has made a bold prediction about the future price of Bitcoin. In an interview with Anthony Pompliano, Mallers stated that he believes Bitcoin could reach anywhere between 260% and 1,357% in the coming months. He further added that he thinks Bitcoin will hit a price range of $250,000 to $1 million within the next 10 to 18 months.

At the time of writing, Bitcoin is currently trading at $68,653. Mallers bases his prediction on the assumption that the US government will be forced to print more money to pay off its massive $34.577 trillion debt. This expected currency debasement, according to Mallers, will act as a catalyst for Bitcoin’s surge to his astronomical price target.

Mallers argues that people will be willing to pay such high prices for Bitcoin due to the economic mess caused by the debased currency. He believes that as asset prices rise, Bitcoin, being the best-performing asset and the best money in human history, will be accurately priced at $250,000 or even $1 million.

Mallers expressed confidence in his prediction, stating that people are too focused on interest rates and not paying enough attention to the amount of capital being printed. According to him, regardless of interest rates being at 5.5%, inflationary pressures persist. He believes that predicting the price of Bitcoin, the most fixed asset in history, against the backdrop of central banks’ struggles is a challenging task. However, Mallers remains confident in his price target.

It’s important to note that the opinions expressed by Mallers are not investment advice. Investors are advised to conduct their own research and exercise caution when investing in Bitcoin or any other high-risk assets. The Daily Hodl, where this article is sourced from, also does not recommend buying or selling cryptocurrencies and digital assets.