The Pomp Podcast #1364 Jack Mallers | Bitcoin Could Hit $1 Million This Cycle
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May 23, 2024 
Jack Mallers, Founder & CEO of Strike, discusses the macro environment, investment case for bitcoin, bitcoin vs shitcoins, politics, regulation, and predicts Wall Street will all become bitcoiners. He projects Bitcoin hitting $1 million in value this cycle and explores the ethical and regulatory challenges in the cryptocurrency industry.
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Money as Time and Energy
- Jack Mallers views money as an abstraction of time and energy, highlighting governments' ability to borrow as "time travel".
- He expresses concern over global debt exceeding 300% of GDP, suggesting a future "loss" requiring repayment.
Bitcoin as Anti-Fiat
- For Jack Mallers, Bitcoin embodies the inverse of fiat currency, serving as a hedge against its devaluation.
- He considers Bitcoin the only instrument designed to tackle fiat debasement, making it an attractive investment.
Bitcoin Price Prediction
- Jack Mallers predicts Bitcoin reaching $250,000 to $1 million in the current cycle.
- He bases this on its reflection of global economic instability and its unique position as a fixed asset.