Strike CEO Jack Mallers Pledges Undivided Loyalty to Bitcoin: Embraces BTC Over USD
The Bold Move: Jack Mallers’ Commitment to Bitcoin
Jack Mallers, CEO and Co-founder of Strike, a prominent Bitcoin Lightning Network payment platform, has taken a daring step to demonstrate his unwavering belief in Bitcoin. On January 03, he announced that he no longer possesses any U.S. dollars, not even a single cent. As a millennial who loves his country but opposes its currency, Mallers pledges his allegiance to Bitcoin, declaring a shared fate of either joint prosperity or mutual downfall.
Critiquing the U.S. Dollar and Embracing Bitcoin’s Stability
Mallers criticizes the shortcomings of the U.S. dollar, especially post-1971 after abandoning the gold standard. He points out that excessive printing of money has led to super-financialization and asset hyperinflation, widening the wealth gap. He notes the top 10% of the U.S. population holds 70% of the nation’s net wealth, indicating a deepening divide.
Further reading：Bitcoin Hits Record Highs in These 6 Countries Amid Rampant Inflation!
Bitcoin as a Symbol of American Values
Jack Mallers lauds Bitcoin as an ideal antidote to fiat currency depreciation. Bitcoin’s fixed supply, open-source software, and distributed network resist inflation. Moreover, as an energy currency, it necessitates energy consumption for acquisition, underscoring its unique value preservation. Mallers perceives Bitcoin as embodying core American values: individual freedom, equal opportunity, free-market economy, innovation, and progress. He sees it as the currency of a land synonymous with freedom, opportunity, democracy, rights, and equality.
Further reading：Are 20% of Americans REALLY Into Cryptocurrency? The Shocking Reality!
The Financial Benefits of Choosing Bitcoin Over USD
Mallers illustrates the financial advantages of investing in Bitcoin compared to holding U.S. dollars in the past five years:
- Real estate prices increased by 60% with USD, but decreased by 81% with Bitcoin.
- Oil prices rose by 59% with USD, but fell by 79% with Bitcoin.
- Food prices went up by 29% with USD, but dropped by 83% with Bitcoin.
Advocating for Bitcoin as a Peaceful Protest
Finally, Jack Mallers describes his support for Bitcoin as a peaceful form of protest, devoid of weapons, angry mobs, or violence. He challenges the status quo, encouraging people to question their reliance on the U.S. dollar and consider the potential of Bitcoin as an alternative.
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Keywords: Strike, Jack Mallers, Bitcoin, Lightning Network, USD, Cryptocurrency, Financial Stability, American Values, Peaceful Protest, Investment, Wealth Gap, Energy Currency
