In a striking prediction that has caught the attention of both crypto enthusiasts and skeptics, Jack Mallers, co-founder and CEO of Twenty One Capital, boldly suggested that Bitcoin could explode from its current value to a staggering $400 trillion market cap. Speaking on NYSE TV, Mallers articulated a vision of Bitcoin as a significant player in the global savings market, suggesting a potential 200-fold increase in its value. His views, while ambitious, are fueling discussions across the cryptocurrency landscape as investors and analysts weigh the possibility of such unprecedented growth.
Analyst’s 200x Bitcoin Claim
Mallers’ hypothesis rests on the current estimated global wealth, which he places at around $900 trillion, spanning assets like stocks, property, gold, and art. Of this, he posits that $400–500 trillion is primarily allocated towards savings. Bitcoin, according to Mallers, is perfectly poised to capture a meaningful portion of this savings market. “Bitcoin is going after a $400-500 trillion market, and it’s only $2 trillion,” he stated, underscoring the potential for Bitcoin to achieve significant gains.
At present, Bitcoin’s market value hovers around $2 trillion, with reports citing a price of approximately $115,570 per coin. Mallers envisions a scenario where even a modest penetration into this vast savings pool could spark a dramatic rise in Bitcoin’s market cap.
Twenty One Capital’s Buying Strategy
Backing his bullish outlook, Twenty One Capital has embarked on an aggressive Bitcoin acquisition strategy. Since April, the firm has purchased 43,514 BTC, valued at approximately $5 billion at current market prices. Supported by financial heavyweights like Tether, Bitfinex, and SoftBank, the firm is preparing to merge with SPAC Cantor Equity Partners as it eyes a public listing.
Twenty One Capital’s strategy has already surpassed its initial acquisition target by 1,500 BTC, reflecting a steadfast commitment to its vision. Unlike some of its peers, the firm has thus far avoided leveraging debt to fund its Bitcoin purchases, opting for a more conservative approach in building its digital asset reserve.
How Other Big Names See Bitcoin
Mallers is not alone in his optimistic forecast for Bitcoin. Several influential figures in the financial world have echoed bullish sentiments, albeit with varying projections. Larry Fink, CEO of BlackRock, has suggested Bitcoin could reach $700,000, while Anthony Scaramucci of SkyBridge anticipates a value of around $200,000 by the end of 2025. Meanwhile, Bill Barhydt from Abra Global has proposed a base-case scenario of $350,000, with the potential for a high of $700,000.
These predictions, though differing in specifics, share a common belief in Bitcoin’s potential for significant appreciation, contingent on its adoption and demand trajectory.
Where Twenty One Capital Fits In
In the broader context of corporate Bitcoin holdings, Twenty One Capital is part of a growing cohort of companies leveraging Bitcoin as a reserve asset. Michael Saylor’s Strategy, with its massive accumulation of 638,985 BTC — valued near $74 billion — remains a notable example of this trend. Mining firms like MARA Holdings also hold substantial reserves, with 52,477 BTC in their coffers.
What sets Twenty One Capital apart is its approach to funding its Bitcoin acquisitions. While Strategy has relied on debt to amass its substantial holdings, Mallers’ firm has thus far eschewed this route, opting for a debt-free strategy that could prove advantageous under varying market conditions.
A Balanced Perspective
While Mallers’ vision of Bitcoin’s potential is undoubtedly enticing, it is important to consider the broader market dynamics and potential challenges. Bitcoin’s volatility, regulatory scrutiny, and the broader economic environment could all impact its trajectory. Nonetheless, the potential for Bitcoin to capture a slice of the global savings market presents an intriguing possibility for investors and market watchers alike.
As the cryptocurrency landscape continues to evolve, the discourse around Bitcoin’s potential will likely remain a focal point for both proponents and critics. Jack Mallers’ bold prediction serves as a reminder of the dynamic and often unpredictable nature of the crypto market — a space where innovation, ambition, and speculation often collide to create new paradigms.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
