Episode notes
Jack Mallers is back on the show to break down his vision for 21, Strike, and the next phase of Bitcoin’s monetisation.
Jack explains why he doesn’t want to build another pure Bitcoin treasury company or another crypto casino, but a full-stack Bitcoin business: financial services, lending, custody, infrastructure, mining, capital markets, and a balance sheet built around Bitcoin. We get into the proposed acquisition of Strike, Bitcoin-backed lending, proof of reserves, why profitability matters, and why he thinks the best Bitcoin company won’t simply be the one that owns the most Bitcoin.
We also discuss where Bitcoin fits in a world moving towards war, inflation, energy shocks, multipolarity, and whether fiat can survive another crisis.
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CHAPTERS:
00:00:00 – Introduction
00:01:56 – Jack’s Vision For 21
00:03:50 – Crypto Casinos Vs Bitcoin Companies
00:08:00 – Building The Full Stack Bitcoin Company
00:14:13 – What 21 Would Do Differently
00:20:48 – Why Profitability Is A Moral Obligation
00:25:53 – The Strike Acquisition
00:28:19 – Turning Energy, Fiat And Capital Markets Into Bitcoin
00:35:38 – Is Wall Street A Threat To Bitcoin?
00:39:48 – Why Bitcoin Means A Wealth Transfer
00:52:02 – Bitcoin In A Multipolar World
01:03:29 – Why Everything Is Good For Bitcoin
01:08:42 – Can Fiat Survive This?
01:38:33 – Strike’s New Bitcoin Credit Products
What Bitcoin Did with Danny Knowles
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