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?
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.
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?
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…