**Bitcoin Price Predicted to Surpass $150,000, Says Twenty One Capital CEO**
In a dynamic appearance on Bloomberg Crypto, Jack Mallers, CEO of Twenty One Capital, expressed his strong belief that Bitcoin’s price will continue to rise, potentially exceeding $150,000. Mallers outlined his company’s goal to become the leading Bitcoin treasury globally, emphasizing that the current price levels are just the beginning of Bitcoin’s upward trajectory.
Following the announcement of an expected acquisition of an additional 5,800 BTC from Tether ahead of its public listing, Mallers made a compelling case for Bitcoin’s price growth. He stated, “Is there enough Bitcoin for me at $120k? No. $130k, $140k, $150k? There’s always Bitcoin available—it just depends on what you’re willing to pay for it.” He highlighted Bitcoin’s scarcity and the inelasticity of its supply in response to growing demand.
With the anticipated capital influx, Twenty One Capital’s total Bitcoin holdings will surpass 43,500 BTC, acquired at an average price of $87,280.37, resulting in unrealized gains of approximately $1.3 billion. This positions the company as the third-largest corporate holder of Bitcoin, trailing only Strategy and Marathon Digital.
Mallers was assertive about his ambitions, stating, “I’m never gonna sit up here and say I want to be second.” He noted that the board includes significant players like Tether and SoftBank, providing substantial access to capital and expertise in Bitcoin.
Beyond merely accumulating Bitcoin, Mallers emphasized that Twenty One Capital is focused on long-term growth. The company plans to create a range of Bitcoin-native financial products, leveraging the experience of Mallers’ firm, Strike, and the technical capabilities of partners like Tether. The structure of Twenty One Capital aims to deliver Bitcoin-denominated shareholder value, with each share expected to represent around 12,559 sats. A new metric, Bitcoin Per Share (BPS), will provide real-time transparency regarding asset exposure, with all BTC being on-chain and auditable.
Paolo Ardoino, CEO of Tether, remarked, “Bitcoin is a foundational protocol for freedom,” and noted that Twenty One Capital embodies this ethos in its corporate structure. Mallers concluded, “We’re not here to beat the existing system—we’re here to build a new one.”
The firm is set to trade under the ticker XXI following the completion of its business combination with Cantor Equity Partners, pending shareholder approval.
**FAQ**
**What is the expected future price of Bitcoin according to Jack Mallers?**
Jack Mallers predicts that Bitcoin’s price will continue to rise, potentially surpassing $150,000, driven by its scarcity and increasing demand.