Strike Founder Cites Global Liquidity Crisis as Real Driver Behind Bitcoin's Current Price on June 12

According to The Block, Strike founder and Twenty One Capital CEO Jack Mallers said on June 12 that Bitcoin's current price reflects the true state of a global liquidity crisis. Mallers noted that the University of Michigan consumer sentiment index has hit historic lows while the S&P 500 remains at record highs, indicating central bank intervention has distorted equity markets' signaling value. He stated, "Bitcoin is the closest thing we have to monetary truth."

Mallers also addressed Strategy's sale of 32 BTC, saying the move reflects the market's reality that Strategy's "never sell" posture is no longer feasible. He argued that various countries are simultaneously financing war, AI infrastructure, and deficit spending while individuals default on credit cards and rent, creating a global cash collection mode where the most liquid assets are sold.