Jack Mallers, CEO of Twenty One, discusses Bitcoin’s potential to reach $50 million per coin in a recent interview. He bases this on a calculation of the total aggregated value of human wealth, asserting that Bitcoin’s market is vast. He insists that such estimates are not price predictions and emphasizes the distinctive nature of Bitcoin compared to stocks and altcoins while presenting Twenty One’s strategy for institutional investment.
In a recent episode of The David Lin Report, Jack Mallers, the CEO of Twenty One, unveiled a provocative estimate suggesting Bitcoin (BTC) could rise dramatically, reaching as much as $50 million per coin. Mallers discussed this during an interview where he clarified his previous statement regarding the potential for Bitcoin to grow by 400x-500x from current prices. He made clear that while his estimates are based on calculations, they shouldn’t be misinterpreted as definitive price predictions.
Mallers explained his rationale by comparing Bitcoin’s potential market with all stored value in the world, which includes stocks, real estate, and sovereign debts. According to him, this aggregated value is around $900 trillion, which he believes reflects Bitcoin’s ultimate addressable market. Given the limited supply of 21 million BTC, he calculates if all wealth were to flow into Bitcoin, each coin would be worth approximately $42.86 million. Considering the number of Bitcoins that are irretrievably lost, he suggests that estimating $50 million per coin makes sense.
Despite such bold claims, Mallers is cautious, insisting that these figures should not be seen as price forecasts. He highlighted this disclaimer during the interview, emphasising the speculative nature of the cryptocurrency market. He firmly recommended against likening Bitcoin to conventional technology stocks and other financial assets, asserting that none carry the same upside potential as Bitcoin.
Twenty One, the venture Mallers leads, is a collaborative effort backed by financial giants like Tether, Softbank, and Cantor Fitzgerald. Launched on April 23, 2025, this initiative aims to enable institutional investors to participate in Bitcoin investment without holding the coins physically. This design mirrors strategies proposed by other cryptocurrency advocates and has led Twenty One to quickly become the third largest corporate holder of Bitcoin.
Additionally, Mallers points out that Twenty One will focus on metrics like “BTC per share,” steering clear of the traditional “USD per share” comparisons that dominate stock discussions. This approach underscores the unique value proposition that Bitcoin represents, distinguishing it from both traditional finance and altcoins, including Ethereum.
In sum, Jack Mallers’ comments highlight a mix of optimism and caution surrounding Bitcoin’s potential price trajectory, while also shedding light on the innovative roles that investment vehicles like Twenty One intend to play in the evolving crypto landscape.
