Bitcoin prices are on the rise, increasing by nearly 3% today, reflecting a positive trend in the overall market. The recent influx into the U.S. Spot Bitcoin ETF and the SEC's approval of the Spot Ethereum ETF have boosted investor confidence.

Amid this positive trend, Jack Mallers, CEO of the Bitcoin wallet and payments app Strike, has made a bold prediction that Bitcoin might reach $1 million soon, adding to the optimism.

Jack Mallers recently shared in an interview with Anthony Pompliano that he believes Bitcoin could see a surge between 260% and 1,357% in the next few months. Mallers thinks Bitcoin is still in its infancy and could reach a value between $250,000 and $1 million in the next 10 to 18 months.

Mallers attributes this potential rise to the U.S. government's likely need to print more money to manage its $34.577 trillion debt. He argues that this currency debasement will push asset prices higher, with Bitcoin emerging as a top-performing asset.

Furthermore, Mallers emphasized that financial instability could drive Bitcoin's price to $250,000. He pointed out that the current economic turbulence provides an opportunity for Bitcoin to attract substantial investor interest.

This optimistic forecast aligns with the growing sentiment among cryptocurrency enthusiasts that Bitcoin can act as a safe haven amid global financial uncertainties. Despite high-interest rates, Mallers notes that ongoing dollar printing is inflationary.

Mallers is confident in his price prediction, suggesting that Bitcoin's fixed supply, in contrast to the challenges faced by central banks, supports his forecast. He underscores the importance of the quantity of capital over its cost, highlighting Bitcoin's potential in uncertain economic times.

Recent developments in the U.S. Spot Bitcoin ETFs have sparked renewed interest. According to Farside Investors, the U.S. Spot Bitcoin ETF saw an inflow of over $1 billion through Friday, May 24.

This influx indicates growing investor confidence, coinciding with the broader crypto market's positive trend. Additionally, the SEC's approval of the Spot Ethereum ETF has significantly boosted market sentiment.

As Bitcoin continues to rise, Mallers' prediction fuels the growing optimism within the crypto community. His insights reflect a broader belief that Bitcoin's unique attributes and the current economic environment could lead to unprecedented price levels.

As of now, Bitcoin's price has surged by 2.72%, briefly crossing the $69,000 mark, though its trading volume dropped nearly 50% from yesterday to $22.80 billion. Over the last 24 hours, Bitcoin Futures Open Interest rose by 2.92% to 496.16K BTC or $34.33 billion, according to CoinGlass data.

In conclusion, Jack Mallers' bold prediction adds to the growing enthusiasm surrounding Bitcoin's potential. With recent positive market developments and increasing investor confidence, Bitcoin's future looks promising.