Tether’s Bitcoin Power Play: Jack Mallers Takes Helm at New Venture That’s Already Richer Than You’ll Ever Be
Well, well, well… look who’s getting cozy with the stablecoin giant now! Strike founder Jack Mallers, who once said he was going to “phase out” Tether, is now running Tether’s $3.6 billion Bitcoin venture, Twenty One Capital. Convenient, huh?
The same guy who helped El Salvador adopt Bitcoin (where Tether now has headquarters) has apparently had a change of heart about working with the controversial stablecoin issuer. Funny how a multi-billion dollar CEO position can change your principles!
This Bitcoin treasure chest already has 42,000 $BTC at launch, making it the third-largest publicly-traded Bitcoin holder. Meanwhile regular investors are still scraping together sats hoping to own just one whole coin someday.
So what do you think, is this the beginning of Tether’s complete takeover of the Bitcoin ecosystem or just another way for the elite to control what was supposed to be decentralized currency for the people? $BTC
