Jack Mallers, the co-founder and CEO of Twenty One Capital, has recently shared one of his most audacious forecasts regarding Bitcoin.
During a live discussion on NYSE TV with host Kristen Scholer, Mallers was inquired about his perspective on the future trajectory of the leading cryptocurrency.
His response was both swift and assured: “It’s going to go higher, much higher.” When asked for specifics on how much higher he anticipated it would rise, he simply stated, “significantly higher.”
Mallers elaborated that “the digital asset is aiming at a savings market valued between $400 trillion to $500 trillion.” Currently, Bitcoin’s market capitalization stands at approximately $2 trillion. The potential for growth in purchasing power is immense—between 100 to 200 times its current value.
These comments came as Bitcoin maintained strong trading activity. At the time this article was written, the cryptocurrency was priced at $115,575. Over the past day alone, it saw a modest increase of 0.49%, with an overall weekly gain of 1.32%.
Twenty One Capital Expands Its Bitcoin Reserves
Mallers’ ambitions are not merely speculative; his firm is actively constructing one of the largest reserves of Bitcoin globally.
Since its launch in April, Twenty One Capital has accumulated a total of 43,514 BTC—approximately 1,500 more than initially projected. This unexpected surplus underscores their aggressive acquisition strategy within the Bitcoin market. Based on current valuations in this sector, their holdings are estimated to be worth around $5.04 billion.
The company benefits from substantial institutional support as well; notable investors include prominent crypto entities like Tether and Bitfinex alongside Japanese investment powerhouse SoftBank.
To broaden its presence in financial markets further stills , Twenty One Capital plans to merge with SPAC Cantor Equity Partners—a move that could facilitate its transition into becoming publicly traded.
Aiming for Top-Tier Status Among Major Bitcoin Holders
The efforts by Twenty One Capital align with an emerging trend among firms eager to secure Bitcoin as part of their treasury assets. This model gained traction through Michael Saylor’s Strategy which has amassed an impressive total of 638,985 BTC since its inception in 2020—valued close to $74 billion today.
While Strategy heavily leveraged debt financing for growth purposes , Twenty One Capital has so far opted against such measures . Their prudent funding strategy allows them greater adaptability during volatile market conditions .
The firm’s reserves are approaching those held by MARA Holdings—a prominent mining operation boasting about 52 ,477 BTC . Other significant players within this space include Riot Platforms , CleanSpark , and Hut8—all recognized among top corporate holders within bitcoin ecosystem .
Mainstream Companies Embrace Cryptocurrency Adoption
The pursuit for accumulating bitcoin extends beyond just miners or treasury firms ; more traditional businesses have begun allocating portions from their reserves towards cryptocurrencies too.
Recent disclosures reveal that companies such as Japanese textile manufacturer Kitabo , medical tech firm Semler Scientific & electric vehicle producer Volcon have all joined ranks by revealing respective holdings invested into bitcoin.