The CEO of Strike, a Bitcoin wallet and payments app, Jack Mallers, believes that the market cap of the leading digital asset could increase by trillions of dollars. In a recent interview with Anthony Pompliano, founder of Pomp Investments, at the Bitcoin Investor Week in New York, Mallers expressed his view that Bitcoin serves as a store of value that competes effectively with assets like art and real estate.
Mallers highlighted the vast market opportunity for storing wealth, estimating it to be around $400 trillion to $500 trillion, with Bitcoin poised to capture a significant share of this market in the future. He emphasized that with Bitcoin’s current market cap at $1.5 trillion, there is potential for significant growth, possibly reaching hundreds of trillions of dollars.
At the time of writing, Bitcoin is trading at $80,964, showing a 3.3% decrease in the last 24 hours. Mallers’ insights suggest a positive outlook for Bitcoin’s future growth potential in the market for storing value.
