Jack Mallers Predicts Bitcoin's Massive Upside Amid Launch of Twenty One Venture

On May 1, 2025, Bitcoin advocate Jack Mallers appeared on The David Lin Report to shed light on Twenty One, a Bitcoin-only venture backed by Tether, SoftBank, and Cantor Fitzgerald. As the founding CEO, Mallers emphasized the company’s goal of helping institutions gain Bitcoin exposure without holding the asset directly—similar to MicroStrategy’s model but with a unique twist: a focus on "BTC per share" rather than "USD per share."

During the interview, Mallers revisited his bold claim from a conversation with Anthony Pompliano, suggesting Bitcoin could grow "400x to 500x" from current levels. He clarified that this was not a price prediction, but rather a theoretical valuation based on Bitcoin absorbing global store-of-value assets, including real estate, stocks, and sovereign bonds—estimated at $900 trillion. With only 21 million BTC ever to exist, he projected a potential future valuation of $42.86 million to $50 million per coin, factoring in lost Bitcoin supply.

Mallers reiterated that Bitcoin should not be compared to tech stocks, equities, or even Ethereum. In his view, no other asset class offers the asymmetric upside Bitcoin does. The launch of Twenty One on April 23 marked a major institutional push, positioning it as the third-largest corporate holder of BTC. Mallers positioned the venture not as a competitor to existing strategies like Saylor’s MicroStrategy, but as a market builder aiming to accelerate Bitcoin adoption at scale.

The interview underlines growing institutional confidence in Bitcoin’s long-term value and Twenty One’s role in expanding access through a stock-market-friendly structure.