“Bitcoin Will 200x From Here,” Says Twenty One Capital CEO
Jack Mallers, co-founder and chief executive of Twenty One Capital, has made one of his boldest predictions yet for Bitcoin.
Speaking during a live interview on NYSE TV with host Kristen Scholer, Mallers was asked where he sees the world’s largest cryptocurrency heading.
His reply was quick and confident: “Higher, higher.” When pressed to explain how much higher, he responded, “a lot higher.”
“The digital asset is targeting a savings market worth $400–500 trillion,” Mallers explained. “Right now, Bitcoin represents just $2 trillion. In terms of purchasing power, the growth potential is staggering, 100 to 200 times from here.”
His remarks came as Bitcoin continued to trade strongly. At the time of writing, the cryptocurrency is currently trading at $115,575. The coin recorded a modest 0.49% gain over the past 24 hours and was up 1.32% for the week.
Twenty One Capital Boosts Bitcoin Holdings
Mallers’ vision is not just theoretical. His company, Twenty One Capital, is actively building one of the largest Bitcoin treasuries in the world.
Since debuting in April, the company has amassed 43,514 BTC, about 1,500 more than it initially anticipated. This larger-than-expected haul highlights how aggressively it has been buying Bitcoin. Based on current market prices, the stash is valued at roughly $5.04 billion.
Institutional backing remains a major strength for the firm. Its investors include notable crypto players like Tether and Bitfinex, as well as Japanese investment giant SoftBank.
In a bid to expand its market footprint, Twenty One Capital intends to merge with SPAC Cantor Equity Partners, which could help smooth the path toward becoming a publicly traded entity.
Competing With the Largest Bitcoin Holders
Twenty One Capital is part of a growing class of firms racing to secure Bitcoin as a treasury reserve asset. The model was popularized by Michael Saylor-led Strategy, which has amassed an astonishing 638,985 BTC since 2020, valued at nearly $74 billion.
While Strategy relied heavily on debt to build its holdings, Twenty One Capital has so far avoided that path. Its more conservative funding approach gives it flexibility during market swings.
The firm’s Bitcoin reserves are now nearing those of MARA Holdings, a leading mining company with 52,477 BTC. Other mining giants, including Riot Platforms, CleanSpark, and Hut 8, also rank among the most significant corporate holders of Bitcoin.
Non-Crypto Companies Join the Bitcoin Movement
The race to accumulate Bitcoin is not limited to miners and treasury companies. An increasing number of traditional businesses are now allocating a portion of their reserves to cryptocurrency.
Japanese textile group Kitabo, medical technology company Semler Scientific, and electric vehicle manufacturer Volcon are among the latest non-crypto firms to disclose Bitcoin holdings.