Jack Mallers says Bitcoin trading below $63,000 is not a sentiment problem, but rather the only honest read on a global financial scene that has run out of liquidity, and central markets are too distorted to say so.
Speaking to The Block live from BTC Prague on this week, the Strike founder and Twenty One Capital CEO argued that Bitcoin's decline from above $100,000 a year ago is a signal, not noise.
Consumer sentiment as measured by the University of Michigan has never been lower in recorded history — below 2008, below 2000, below the 1980s — while the S&P 500 sits at an all-time high.
"Bitcoin is the closest thing we have to the monetary reflection of truth," Mallers said. "Active 24/7 traded indicator of how the world is doing."
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