It is difficult to believe that Jack Mallers is still 31 years old. The Bitcoin star has already founded several companies (including Strike and Zap) And he had a hand for El Salvador to adopt BTC as a legal tender, the first country to do so. Now, it is forming a Bitcoin treasury company, twenty -one, to rival the largest in the market.
Recently speaking with Coindesk for an interview, Mallers explained how his new company emerged (through friendship) And what motivates it on the continuous advance of Bitcoin to the heart of capital markets.
Mallers said the idea of twenty -one left a telegram group chat with Tether executives. Mallers is a friend for a long time of Paolo Ardoino, the CEO of Tether, who now is based in El Salvador.
“We have superimposed ourselves in similar projects, whether open source, Bitcoin development, El Salvador, only ways in which we can push the world in what we believe is the right direction. And so, twenty -one is the last iteration of that,” said Mallers.
“We were seeing 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 reached a point of, you know, if nobody is going to build it, you know, why not us? “” Friends should be the change they wanted to see in the world. “
Twenty -one gathered within a few weeks that Mallers and Ardoino decided to move on. He was joined by SoftBank, who appeared as a launch partner.
“They wanted to put one billion dollars and we said: ‘Well, we are a Bitcoin company, so we are taking their contribution in Bitcoin.’ I don’t think of dollars, I think Bitcoin.
He plans to launch with at least 2,000 bitcoin, which makes it the third largest Bitcoin Treasury in the world.
Mallers originally went down the rabbit burrow after his ad, a futures merchant, explained how money really worked for him. He described how the degradation of money through the impression and inflation of the government remains what drives it. The depoliticization of the emission 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 a moral code. Bitcoin is, he will not censor, he will not inflate, he will not confiscate, he will not be falsified and will not steal, ”said Mallers.
“Bitcoin not as a group of coverage of Miami Club Bros. Think of the Ethical and Moral Code in which we are all working to create a place in this world where we can exist safely,” he said.
