Bitcoin Headed Beyond $150K, Twenty One Capital CEO Predicts

Key Takeaways:

• Jack Mallers believes Bitcoin’s extreme scarcity will be the key in driving its price beyond $150,000.
• Twenty One Capital will build Bitcoin-based financial products to support long-term growth.
• Despite growing corporate interest in Bitcoin, only 4% of the world’s population owns any.

On July 29, Jack Mallers, co-founder and CEO of Twenty One Capital, stated in an exclusive interview with Bloomberg TV that Bitcoin’s price could rise far beyond $150,000. He attributed his projection to Bitcoin's fixed supply mechanics, which make it one of the most inelastic assets in the world. Unlike traditional financial assets, Bitcoin's supply cannot rise to meet rising demand, which only drives the price higher.

5,800 BTC Pushes Twenty One Capital Into Bitcoin’s Top 3

Mallers reaffirmed his bold prediction, explaining that even if Bitcoin reaches $130,000, $150,000, or beyond, buying opportunities will remain. But the longer investors wait, the more they will have to pay in the future.

Bitcoin already broke past $122,000, reaching a new record of $122,571.19 on July 14. At press time, it is trading around $118,000.

The CEO also spoke about his company’s mission of becoming the most powerful Bitcoin treasury in the world, and to grow alongside Bitcoin as it climbs far beyond six figures.

Twenty One Capital CEO and co-Founder @jackmallers explains why his new company is only buying Bitcoin and talks about its scarcity with @ScarletFu and @timsteno on "Bloomberg Crypto" https://t.co/AfQ11IeITp pic.twitter.com/DOD9vXI53U

— Bloomberg TV (@BloombergTV) July 29, 2025

However, there is more to the plan beyond accumulation. Twenty One Capital is also working on creating a range of Bitcoin-focused financial products. These tools are meant to support long-term growth.

Twenty One Capital's trajectory began in April 2025, when it merged with Cantor Equity Partners, a SPAC launched by Cantor Fitzgerald. The structure allows the Bitcoin-focused firm to go public without the long road of a traditional IPO.

Once regulatory approval comes through, the newly formed company will be listed on Nasdaq under the ticker symbol “XXI.” 

The initiative is supported by a high-profile board that includes major players from SoftBank and Tether. 

On May 13, Tether acquired 4,812.2 Bitcoin (valued at $459 million) for Twenty One Capital. The assets are held in a Tether-controlled escrow wallet until the merger is finalized.

Later in July, the firm announced it would receive another 5,800 Bitcoin from Tether upon deal closure. Once completed, Twenty One Capital's total Bitcoin holdings will reach 43,500 BTC, positioning the firm as the third-largest corporate Bitcoin Treasury, trailing Strategy (~62,879 BTC) and Marathon Digital (MARA), which owns 50,000 BTC.

Big Business Moves Are Powering Bitcoin’s Global Reach

While Strategy, Marathon Digital, and Twenty One Capital dominate headlines, new entrants are rapidly emerging.

On June 23, investor and entrepreneur Anthony Pompliano announced plans to launch ProCap Financial, a Bitcoin-native investment firm. Formed through a $1 billion merger, ProCap is expected to hold $1 billion worth of Bitcoin on its books once the deal closes. 

Strategy further intensified competition by filing for a $500 million IPO to expand its Bitcoin reserves. Japan’s Quantum Solutions, an AI firm, also signaled growing Asian institutional interest, announcing plans to accumulate 3,000 BTC over the next year.

These moves point to a growing trend of Bitcoin adoption among big players. However, global Bitcoin ownership remains surprisingly low.

A recent study from River Financial reveals that only 4% of the world’s population owns any Bitcoin. 

Wealthy nations lead the pack, with the U.S. at the top, where ownership sits at 14%.

Still, moves like those from Twenty One Capital are making it harder to ignore what’s coming.