The David Lin Report U.S. Is 'Broke', Dollar Is Crumbling; Jack Mallers Doubles Down On $1 Million Bitcoin
Jun 13, 2025
Jack Mallers, CEO of Strike and founder of Twenty One Capital, tackles the U.S. fiscal crisis and explores why Bitcoin could become a global reserve asset. He emphasizes the risks of government debt and the implications of unchecked money printing. Mallers shares insights on the innovative uses of Bitcoin in everyday life, such as loans against it, and discusses strategies for navigating financial instability. He advocates for transparency in finance and considers the ethical dimensions of cryptocurrency’s rise in a consumer-driven society.
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Jack Mallers' Bitcoin Origin Story
- Jack Mallers dropped out of college and got introduced to Bitcoin by his father and stepmother, who were early believers.
- Meeting Andreas Antonopoulos at a Bitcoin meetup significantly influenced his journey into Bitcoin advocacy.
Bitcoin as a Short Dollar Hedge
- Jack's father viewed Bitcoin as the ultimate way to short the US dollar due to currency debasement.
- Building a short dollar portfolio includes real estate and exchange stocks as hedges against inflation.
US Government's Fiscal Dilemma
- The US government operates structurally in deficit and depends on debt financing via treasury bonds.
- Lack of willing lenders forces the government to use creative mechanisms to finance itself, akin to money printing.