Jack Mallers, CEO of Bitcoin-focused technology company Twenty One, announced that they expect the company to go public in the third quarter of 2025 following an examination by the US Securities and Exchange Commission (SEC).
Mallers said that at the time of the IPO, the company will have over 43,000 Bitcoins and over $5 billion in BTC assets.
Mallers stated that the company continues to increase its BTC holdings, saying, “As 21, we believe in Bitcoin long-term. Our strategy is not just to hold, but also to build BTC-based products.” With this move, the company is expected to become the third-largest institutional Bitcoin holder in the world, behind MicroStrategy and Marathon Digital.
According to Mallers, Bitcoin’s supply is limited and the price will inevitably rise as demand increases:
“If there are many people who want to buy Bitcoin at $120,000, that’s not possible with the supply. Then $130,000, $150,000… BTC will always exist, but it’s about how much you’re willing to pay.”
Mallers argued that because Bitcoin’s supply is inelastic, the price will likely rise further, especially as ETFs, institutional investors, and potentially governments, flock to buy.
He predicts that in the long term, even if the price of BTC captures a small share of the $500 trillion global savings market, the BTC market capitalization could reach “tens of trillions of dollars.”
When asked about the possibility of investing in other digital assets like Ethereum or Solana, Mallers was clear:
“Never. We will not invest in any digital asset other than Bitcoin. Because we are not building tech stocks like Apple or Amazon; we are building the new currency, the new gold, the new government bonds.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/ceo-with-billions-of-dollars-in-bitcoin-reveals-his-prediction-for-the-price-of-btc/