It’s hard to believe that Jack Mallers are still only 31. The Bitcoin star has already founded several companies (including strike and zap) And had a hand in getting El Salvador to adopt BTC as a legal bid, the first country to do so. Now he forms a Bitcoin Treasury company – 21 – to compete with the largest on the market.
In a talk with Coindesk recently for an interview, Malers explained how his new company turned into (through friendship) And what motivates him by Bitcoin’s continued progress to the heart of the capital markets.
Mallers said the idea for Twenty One came out of a telegram group chat with leaders at Tether. Mallers is a long time friend of Paolo Ardoino, CEO of Tether, who now has his headquarters in El Salvador.
“We have overlapped on similar projects, whether it is Open Source, Bitcoin Development, El Salvador, just ways we can push the world in what we think is the right direction. And then twenty is a kind of the latest iteration of it,” Mals said.
“We saw the story [of evolve and we’re like, ‘surely there’s gonna be, you know, blue chip, credible Bitcoin treasury company, which just means you’re capitalized on Bitcoin.’”
“At a certain point we kind of started to challenge each other on like, should we do [a Bitcoin treasury company]? … and it came to a point of, you know, if no one wants to build it, you know, why not us? “” Friends should be the change they would see in the world. “
Twenty One came together within weeks after the painters and Ardoino decided to move on. It was along with Softbank who came as a launch partner.
“They wanted to put a billion dollars and we said, ‘Well, we’re a Bitcoin company so we’ll take your contribution in Bitcoin.’ I don’t think in dollars i believe in bitcoin.
It plans to launch with at least 2,000 bitcoin, making it the third largest Bitcoin Treasury in the world.
The mallers initially went down the rabbit hole after his ad, a futures business, explained how money really worked for him. He described how depreciation of money through government pressure and inflation is still what drives him further. Development of the issuance of money will free us.
“My message [is] Bitcoin before its computer code before it is an asset before it is an ETF, for me, is the moral code. Bitcoin is, do not censor, do not inflate, do not confiscate, do not be falsified and do not steal, ”Malers said.
“Bitcoin not like a bunch of Miami Club Hedge Fund bros. Think of it as an ethical, moral code that we all work on to create a place in this world where we can certainly exist,” he said.
