Jack Mallers, CEO of Twenty One Capital, stated that Bitcoin will become a $200 trillion asset.
Twenty One Capital recently emphasized Bitcoin's growth potential, stating that it will become a $200 trillion asset.
Twenty One Capital listed on the New York Stock Exchange (NYSE) on December 9th, with a Bitcoin reserve of $3.9 billion, making it the third-largest publicly traded company in terms of Bitcoin reserves.
Shortly after the NYSE opened, Mallers spoke on the CUBE+NYSE Wired program, discussing Bitcoin, its growth potential, and Twenty One Capital's strategy, which differs from other companies focused on Bitcoin.
Notably, Mallers stated that Bitcoin has proven to be an asset with rapid growth potential. He specifically pointed out that over the past five to ten years, Bitcoin has delivered compound growth to holders' portfolios, with an annual growth rate as high as 50%.
He further emphasized Bitcoin's future growth trajectory. Currently, Bitcoin's market capitalization is approximately $2 trillion, and he points out that in the near future, the Bitcoin ecosystem could grow to $20 trillion or even $200 trillion.
It's worth noting that his prediction is based on the assumption that Bitcoin will become the world's next reserve asset. Mahles points out that the global financial system must "re-find collateral," and traditional government bonds and treasury bonds do not seem to be new collateral.
For example, if Bitcoin eventually becomes an asset with a market capitalization of $200 trillion, its price will rise significantly from current levels. Assuming a 100-fold increase in Bitcoin's price, with 20 million Bitcoins in circulation, each Bitcoin would trade at $10 million. Compared to the current price of $92,270, this represents a 10,737% increase.