The CEO of Lightning Network Wallet Strike, Jack Mallers, recently made a bold prediction that Bitcoin will reach a six-figure milestone in the near future. This prediction has caused a stir in the cryptocurrency community, as many people are wondering if this is a realistic goal or just wishful thinking.

The Lightning Network is a second layer payment protocol that operates on top of the Bitcoin blockchain. It allows for faster and cheaper transactions than traditional Bitcoin transactions, and is seen by many as a necessary step for Bitcoin to become a widely accepted form of payment. Mallers believes that the Lightning Network will help to drive Bitcoin’s price up, and that it could reach a six-figure milestone in the near future.

Mallers’ prediction is based on the fact that the Lightning Network has been growing rapidly in recent months. The number of nodes on the network has more than doubled since the beginning of 2020, and the number of channels has increased by more than 50%. This growth has been driven by an increase in usage, as more people are using the network to make payments and transfer funds.

Furthermore, Mallers believes that the increasing adoption of Bitcoin by institutional investors will also help to drive its price up. Institutional investors have been investing heavily in Bitcoin over the past few months, and this trend is expected to continue in the future. This increased demand for Bitcoin could lead to a surge in its price, which could eventually reach a six-figure milestone.

Mallers’ prediction is certainly an ambitious one, and it remains to be seen if it will come true. However, it is clear that the Lightning Network is playing an important role in driving Bitcoin’s price up, and that institutional investors are increasingly turning to Bitcoin as an investment option. If these trends continue, then it is possible that Bitcoin could reach a six-figure milestone in the near future.