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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    Rekt Is Reaching the Masses

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

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    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

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    Crypto Casinos Made Over $80 Billion in 2024

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    A16z-backed Spekter Games founder shares Telegram gaming ethos

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

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    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    Long and Short Positions in Crypto Explained for Beginners

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    What Is Fully Diluted Valuation (FDV) in Crypto?

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    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What Are Liquidity Pools? A Guide to DeFi Explained Simply

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    Rekt Is Reaching the Masses

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

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    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

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    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

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    B3’s Self-Destruct PC, Avalanche Battle Pass

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    7 Classic Video Games That Defined Their Consoles

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    How ‘MapleStory N’ Is Fighting Back Against Thousands of Hackers

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    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

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    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

    Crypto Casinos Made Over $80 Billion in 2024

    Crypto Casinos Made Over $80 Billion in 2024

    A16z-backed Spekter Games founder shares Telegram gaming ethos

    A16z-backed Spekter Games founder shares Telegram gaming ethos

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

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    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Ethereum

‘Bitcoin is the best thing you can own’ – Strike CEO

May 26, 2024
in Ethereum
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‘Bitcoin is the best thing you can own’ – Strike CEO
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  • 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.

See also  Ethereum Bloodbath Incoming? Celsius' $125 Million Move Threatens ETH Price

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.  

Ali_X

Source: Ali/X

This showed continued confidence in the long-term potential of Bitcoin and optimism about its future value.

On the contrary, pseudonymous trader Rekt Capital predicted that although the “danger zone” has subsided, Bitcoin may still experience a potential dip of approximately 13% from its current value.

Rekt Capital

Source: Rekt Capital/X

Bitcoin vs. shitcoins 

Amid the speculation and uncertainties enveloping Bitcoin, Mallers staunchly championed a maximalist perspective, affirming Bitcoin’s supremacy as the quintessential form of money.

Furthermore, Mallers scrutinizes Ethereum [ETH] for straying from fundamental monetary principles, attributing its decisions to founder influence and external pressures prompting protocol changes.

He said, 

“What bothers me is the intentional conflation Ethereum was founded to be the better Bitcoin and it often rides the coattails of Bitcoin and it often conflates itself with Bitcoin story and a lot of these things.” 

He ended the conversation giving his opinion on meme coins – 

“I mean to be honest like I don’t really give a s**t about s**tcoins to be totally candid.” 

Next: Decoding Ethereum L2 Starknet’s price rise: Did ETH help STRK rise?

READ ALSO

Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

  • 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.

See also  Ethereum Whales Buy the Dip – Over 130K ETH Added In A Single Day

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.  

Ali_X

Source: Ali/X

This showed continued confidence in the long-term potential of Bitcoin and optimism about its future value.

See also  Ethereum Staking Surges Post-Pectra—Is a Bullish Breakout Brewing?

On the contrary, pseudonymous trader Rekt Capital predicted that although the “danger zone” has subsided, Bitcoin may still experience a potential dip of approximately 13% from its current value.

Rekt Capital

Source: Rekt Capital/X

Bitcoin vs. shitcoins 

Amid the speculation and uncertainties enveloping Bitcoin, Mallers staunchly championed a maximalist perspective, affirming Bitcoin’s supremacy as the quintessential form of money.

Furthermore, Mallers scrutinizes Ethereum [ETH] for straying from fundamental monetary principles, attributing its decisions to founder influence and external pressures prompting protocol changes.

He said, 

“What bothers me is the intentional conflation Ethereum was founded to be the better Bitcoin and it often rides the coattails of Bitcoin and it often conflates itself with Bitcoin story and a lot of these things.” 

He ended the conversation giving his opinion on meme coins – 

“I mean to be honest like I don’t really give a s**t about s**tcoins to be totally candid.” 

Next: Decoding Ethereum L2 Starknet’s price rise: Did ETH help STRK rise?
Tags: BitcoinCEOStrike

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