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.”
Related News: BREAKING: Coinbase Announces Double Listing – Two Surprise Altcoins Coming
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.
Continue Reading: CEO with Billions of Dollars in Bitcoin Reveals His Prediction for the Price of BTC
Go to Source
Author: NixCoin
Radhika Gupta, Managing Director and Chief Executive Officer of Edelweiss Mutual Fund, has told retail…
The Sandbox has become the latest metaverse and gaming project to lose control of its…
An Ethereum wallet labeled Bofur Capital has been drained of close to $2 million after…
Key Highlights Pi Network targets September 15 for the Protocol 27 Mainnet upgrade as testing…
Key Highlights Ripple’s RLUSD team is testing Permission Delegation on the XRPL Devnet, with the…
AI SummaryShowArmstrong warns U.S. lags G20 crypto regulation, urging Senate to pass CLARITY Act by…
This website uses cookies.
Read More