Higher Bitcoin Price Now Critical For US Fiscal Stability, Expert Warns

Jack Mallers believes Bitcoin's rise is crucial for US fiscal management due to its link with stablecoins. He sees the GENIUS Act as significant because stablecoin growth, driven by Bitcoin, increases demand for US debt. Mallers argues the US is fiscally trapped and needs to devalue the dollar, preferably against Bitcoin and gold. He projects a $500,000 Bitcoin price, leading to increased stablecoin capitalization and US debt demand. He notes traditional buyers of US debt are diminishing, potentially requiring Fed intervention. Mallers compares this situation to the Fed's role in financing world wars. He claims the US needs monetary debasement channeled into Bitcoin and gold to manage its debt-to-GDP ratio. He highlights political actions like Bitcoin investments by the president's family as supporting this strategy. Mallers suggests policymakers can "debase the dollar and get reelected" by allowing Bitcoin and gold in retirement accounts. He concludes stablecoins are the new way to finance the government, and their growth depends on Bitcoin's success.