Strike founder Jack Mallers said in a post on the X Platform that Bitcoin (BTC) will lead the market recovery as the most liquidity-sensitive asset.
Traditional financial markets will face widening interest rate spreads and increased pressure on banks, Mallers said.
“Bitcoin doesn’t exist to hedge the financial system, it exists to change the financial system. It’s not a ‘transaction’, it’s a ‘transition,'” Mallers said, adding that just as there is no floor for fiat currencies, there is no upper limit for Bitcoin, and that the easiest investment is to buy Bitcoin.
Meanwhile, it was recently announced that Jack Mullers has joined TwentyOne, a Bitcoin company backed by stablecoin issuer Tether, SoftBank Group, and Cantor Fitzgerald, as CEO. The company’s articles of incorporation specify that its business operations will focus on accumulating Bitcoin assets. The company currently holds over 40,000 BTC.
BTC price is trading at $107,200 at the time of writing.
*This is not investment advice.
