Jack Mallers Questions ETH Treasury Hype, Citing Bitcoin's $400 Trillion Opportunity

CoinDesk's Jennifer Sanasie speaks with Twenty One Capital Co-Founder and CEO Jack Mallers about the company's mission and rise to becoming the third-largest corporate bitcoin treasury. Plus, he explains how Twenty One is building more than just a corporate bitcoin treasury. He introduces a new way to measure corporate performance—"bitcoin per share"—arguing that traditional metrics like earnings per share (EPS) are outdated in an era of currency debasement. He also makes his case for why the 60/40 portfolio is dead and why Bitcoin, with its $400 trillion market opportunity, is the only true treasury asset for the future, fundamentally distinguishing it from ETH or other digital asset treasuries. - This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase. Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit https://www.midnight.gd/ and prepare for the Midnight Glacier Drop. - Timestamps: 01:39 Overview of 21 and Its Mission 03:10 Building Bitcoin Software 07:40 Narratives Around Treasury Companies 10:40 Comparing Bitcoin to Other Digital Asset Treasury Companies 18:37 TwentyOne's Role in Bridging Old and New Financial Worlds 20:18 Final Thoughts - #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE