Hey Cryptopm fam! 👋
If you thought Strike was Jack Mallers’ magnum opus, think again.
He’s back — and this time, the target isn’t just global remittances. It’s the entire $500 trillion traditional finance system. Yup, you read that right. Mallers is building a Bitcoin-native bank, and his latest move could ignite the most explosive Bitcoin bull run we’ve ever seen.
Let’s dive into the details of his masterplan, what it means for Bitcoin, and why this might be the biggest bet in crypto history 🧵👇
Who Is Jack Mallers — and What’s He Building?
You probably know Jack Mallers as the energetic CEO of Strike, the Bitcoin payment app that played a huge role in El Salvador’s BTC adoption. But he’s not stopping there.
Now, Mallers is launching a bold new venture: Twenty One — a Bitcoin-native financial platform designed to challenge the current financial system from the ground up.
His Ambition?
To replace debt-based, fiat finance with a transparent, BTC-backed infrastructure. Essentially, he’s aiming to become the Bitcoin-powered BlackRock or JPMorgan of the decentralized future.
Introducing Twenty One: The World’s First Full-Reserve Bitcoin Bank 🏦
Here’s what makes this different from any crypto project you’ve seen:
✅ No fiat exposure
✅ No fractional reserves
✅ 100% built on Bitcoin infrastructure
Twenty One isn't just holding BTC — it's running entirely on it.
“The fiat system is debt-based and fragile. We want to build a parallel Bitcoin system – honest, transparent, and incorruptible.” – Jack Mallers
Backed by Giants: Tether, SoftBank, Cantor Fitzgerald
This isn’t a garage startup.
Mallers has lined up serious firepower to back this vision:
Tether is bringing deep liquidity via USDT
SoftBank is injecting high-level tech capital
Cantor Fitzgerald is delivering Wall Street access
That’s a killer trio of crypto, capital, and credibility. Together, they give Twenty One the muscle to go mainstream — fast.
$3.9 Billion in BTC Reserves — Already a Heavyweight 💰
Twenty One is kicking things off with over 42,000 BTC in reserves, worth approximately $3.9 billion at today’s prices. That places them:
In the same league as MicroStrategy
Ahead of Tesla in corporate BTC holdings
But this isn’t just about stacking sats — it’s about leveraging those sats to rebuild finance on Bitcoin.
The Bigger Plan: Go Public, Go Global
Mallers isn't just building a company — he's building an empire.
Twenty One plans to go public via a SPAC merger with Cantor Equity Partners, giving the firm direct access to capital markets. This strategic move could unleash a new wave of institutional BTC demand.
Imagine:
BTC used as loan collateral
BTC-native settlements
BTC-powered lending and borrowing
All without touching fiat rails. That’s the dream of a true Bitcoin Bank — and it’s coming together fast.
Why This Matters for Crypto (and the Bull Run Ahead) 📈
Let’s talk macro. The global financial system is worth over $500 trillion.
If Bitcoin captures even 1% of that market, we’re looking at $5 trillion in BTC demand. That’s roughly a 10x from here.
And this isn’t hopium. With ETF approval, growing institutional trust, and now a Bitcoin-native bank hitting capital markets, the stars are aligning.
If Mallers pulls this off:
We could see Bitcoin adopted as a financial base layer
Crypto could shift from speculative asset to infrastructure status
The next bull run might be bigger than anything we’ve seen before
Final Thoughts: Legacy Disruption at the Base Layer
Jack Mallers isn’t just playing the crypto game — he’s rewriting the rulebook.
With Twenty One, he’s not building another DeFi protocol or lending dApp. He’s laying the groundwork for a parallel financial system rooted entirely in Bitcoin.
If he succeeds, we’re not just talking about another bull run — we’re talking about Bitcoin going parabolic and permanently altering the global financial landscape.
Stay Ahead of the Curve 🚀
If you found this breakdown helpful, make sure to follow me @CryptoPM for more deep dives, alpha threads, and everything crypto 🔥
📌 And remember: Always DYOR.
Disclaimer:
The information shared by Cryptopm on Binance Square is for educational purposes only. This content includes third-party insights and should not be considered financial advice. Always do your own research before investing in the cryptocurrency market.
