Specifically, Mallers revealed that Twenty One Capital's goal is not simply to provide financial services around the top crypto asset, like Michael Saylor's Strategy, but to become a Bitcoin finance company. However, he emphasized that they would not, like other companies, pivot to other cryptocurrencies, accusing them of being too focused on the bigger picture without considering the bigger picture.
Notably, his prediction that Bitcoin will reach a valuation of $500 trillion has garnered attention from the crypto community, particularly given that the global M2 money supply remains below $100 trillion. Furthermore, considering the current circulating supply of 19.91 million Bitcoins, if Bitcoin's market capitalization reaches $500 trillion, the price of one Bitcoin would soar to $21.11 million.
Interestingly, if Bitcoin indeed sets such a lofty goal, its momentum would spread to the broader crypto market and influence altcoins like XRP. This is largely due to Bitcoin's position as a market leader, which often dictates market direction, both positive and negative.
For example, over the past week, apart from brief minor deviations, the price movements of Bitcoin and XRP have mirrored each other, according to data from CoinMarketCap.