Jack Mallers, co-founder and CEO of Twenty One Capital, has created one of the boldest predictions ever for Bitcoin.
In a live interview with NYSE TV host Kristen Scholer, Mallers was asked where they watched the world's biggest cryptocurrency headlines.
His response was quick and confident: “higher, higher.” When pushed to explain how high it was, he replied, “much higher.”
“Digital assets cover the savings market worth between $400 and $500 trillion.” Maraz explained. “Bitcoin now represents just $2 trillion. In terms of purchasing power, The growth potential is incredible, from here onwards 100 to 200 times. ”
His remarks came as Bitcoin continued to exchange strong. At the time of writing, cryptocurrency is currently trading at $115,575. Coin recorded a modest gain of 0.49% over the last 24 hours, up 1.32% over the week.
Twenty One Capital supports Bitcoin Holding
Maraz's vision is not theoretical. His company, Twenty One Capital, is actively building one of the world's largest Bitcoin Treasury Ministry.
Since debuting in April, the company has accumulated 43,514 BTC. At first it was expected. This larger expected haul highlights how aggressively they are purchasing Bitcoin. Based on current market prices, the stash is valued at approximately $540 million.
Institutional support is a major strength for the company. Those investors include well-known crypto players such as Tether and Bitfinex, as well as Japanese investment giant SoftBank.
To expand the market footprint, Twenty One Capital is set to merge with SPAC Cantor Equity Partners, which will help smooth the path to becoming a public entity.
Compete with the biggest bitcoin holder
Twenty One Capital is part of a growing class of companies to secure Bitcoin as a financial reserve asset. The model has accumulated an astounding 638,985 BTC since 2020, and is popularized by a Michael Saylor-led strategy valued at nearly $74 billion.
The strategy relied heavily on debt to build holdings, but so far Twenty One Capital has shunned that path. Its more conservative financing approach gives us flexibility during market fluctuations.
The company's Bitcoin is currently approaching the reserve of Mara Holdings, a leading mining company with 52,477 BTC. Other mining giants, including Riot Platforms, CleanSpark and Hut 8, are also ranked as one of Bitcoin's most important corporate holders.
Non-cryptic companies will participate in the Bitcoin movement
The competition to accumulate Bitcoin is not limited to miners and finance companies. Nowadays, more and more traditional companies are allocating a portion of their reservations to cryptocurrency.
Japanese Textile Group Kitabo, medical technology company Semler Scientific, and electric vehicle maker Volcon are among the latest non-crypto companies to disclose Bitcoin Holding.
