Jack Mallers: Bitcoin Could Reach $500 Trillion Market Cap
The founder of the payment service Strike, CEO of Twenty One Capital Jack Mallers suggested that over time, the market capitalization of Bitcoin could reach $500 trillion.
In a recent interview, Jack Mallers said that Twenty One Capital has set a goal of increasing its assets to approximately 43,500 BTC, while maintaining the average purchase price of Bitcoin at $87,280 per coin. According to him, Twenty One Capital intends to use its cash flow to acquire more cryptocurrency, while developing financial products and services with a focus on Bitcoin.
There is a huge gap in the crypto market, Mallers said. On one side, there are crypto exchanges like Coinbase, which trade a variety of digital assets. On the other side, there are large companies like Strategy, which buy bitcoin by selling corporate bonds and store the cryptocurrency. But that’s where companies like Strategy end. The Strike founder boasted that Twenty One Capital is ready to fill the “golden mean”: raising capital, increasing its bitcoin reserves, and providing bitcoin-based financial services to “fill that gap in the market.”
“Bitcoin is an asset that could reach a $500 trillion market cap in its infancy. Lock in the value of Bitcoin that is created today and take it with you into tomorrow. Every day you trade your hard work for something, hoping it will pay off in the future. The fiat system is broken. Bitcoin is the solution,” said Jack Mallers.
In May, Mallers said Bitcoin could reach $250,000 this bull cycle, and he believes the first cryptocurrency could even reach $1 million.
Source: cryptonews.net
