Bitcoin Surges Past $117K as Twenty One Capital CEO Predicts Major Growth
- Bitcoin’s market value currently stands at approximately $2.5 trillion.
- Twenty One Capital CEO Jack Mallers forecasts that Bitcoin could increase by up to 200 times, targeting a $400-500 trillion market.
- Following the Fed’s first rate cut of the year, Bitcoin briefly dipped to $115,000 before rebounding to $117,400.
- Twenty One Capital has amassed a treasury of over 43,500 BTC, surpassing holdings of early adopters like Tesla.
- The firm is preparing for a public listing on Nasdaq under the ticker XXI through a SPAC merger.
The recent Fed rate cut reduced the benchmark range to between 4–4.25%, enhancing Bitcoin’s appeal as an alternative asset for institutional investors amid economic uncertainty.
As Bitcoin continues its upward trajectory, Mallers’ prediction highlights its potential to capture significant market share in traditional stores of value. (Source)
