<\/p>\n
The CEO of Lightning Network wallet Strike says one catalyst could trigger a surge for the king crypto that could swiftly see it hit a six-figure price tag.<\/p>\n
In a new interview with Fox Business, Jack Mallers says<\/a> that he envisions Bitcoin (BTC<\/a>) eventually being worth hundreds of thousands of dollars per coin as the US government continues to mount debt.<\/p>\n \u201cOh my gosh, this thing is going to hundreds of thousands of dollars per coin. The US government is in so much debt. The way I think about Bitcoin\u2019s price is [it] equals technology plus fiat liquidity, so it\u2019s going to go up because it\u2019s innovative tech and it\u2019s better money. <\/em><\/p>\n But what really shoots it up at a neck-breaking pace is when our government is tens of trillions of dollars in debt and has to roll that debt over so they got a lot of money to print and financial assets are going to soar. Bitcoin goes up the most because it\u2019s the hardest to make more of.\u201d<\/em><\/p>\n According to Mallers, the government will continue to print money to prop up the economy rather than opt for a hard reset \u2013 a move that will cause assets such as stocks, crypto and gold to soar.<\/p>\n \u201c[The government] has a third option, which is unique to [them] \u2013 they can print the money that they are missing, and when they print the money that they are missing, they\u2019re stealing from all the people that hold US dollars\u2026 <\/em><\/p>\n The only way to save yourself is to own not dollars. And that\u2019s when you see things like the S&P 500 and gold and Bitcoin soar. That\u2019s what\u2019s going to happen over the next two years.\u201d<\/em><\/p>\n Bitcoin is trading for $37,028 at time of writing, a fractional increase during the last day.<\/p>\n