Exclusive: Jack Mallers Backstage Interview at the Bitcoin Conference

Jul 25, 2025

Jack Mallers, CEO of Strike and Twenty One, shares insights from the Bitcoin 2025 Conference, discussing Bitcoin-native capital markets and macroeconomic shifts. He reveals how Twenty One aims to outperform Bitcoin and reflects on Ross Ulbricht's profound influence on his journey. Mallers dives into proof-of-reserves, Bitcoin lending dynamics, and America’s path to sound money. His vision intertwines Bitcoin with cultural values, emphasizing financial sovereignty and the evolution of economic systems.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

INSIGHT

Bitcoin Per Share Metric

Twenty One aims to outperform Bitcoin by increasing Bitcoin per share rather than traditional fiat earnings per share.
This strategy measures success by accretive growth in Bitcoin terms, aligning with Bitcoin-native financial metrics.

INSIGHT

Education Crucial for Adoption

Education is crucial to overcoming barriers to Bitcoin adoption by clarifying what money and Bitcoin are.
Twenty One plans to offer education alongside financial services to support global Bitcoin acceptance.

INSIGHT

Bitcoin Reflects American Values

Bitcoin embodies foundational American ideals such as property rights, democracy, and freedom.
The Strategic Bitcoin Reserve marks a positive U.S. economic policy shift, contrasting past detrimental moves like bailouts and fiat inflation.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Jack Mallers, CEO of Strike and the recently launched Twenty One, joins host Isabella Santos backstage at Bitcoin 2025 Las Vegas for an unfiltered conversation on Bitcoin-native capital markets, SPAC listings, macroeconomic upheaval, and the future of lending, education, and financial sovereignty.

Mallers breaks down why Twenty One aims to outperform Bitcoin in BTC terms, and how Ross Ulbricht's legacy shaped his Bitcoin journey. He also touches on proof-of-reserves for Strike and TwentyOne, his hottest takes on Bitcoin lending, and America's path back to sound money.

⭐ JOIN US @ Bitcoin Asia 2025, Aug. 28-29 in Hong Kong! Get your tickets at: https://asia.b.tc/ today!

Chapters:

00:00 - Intro: Why Bitcoin Can’t Be Stopped

00:23 - Bitcoin 2025 Vibes & Big Announcements from 21

01:00 - Bitcoin-Native KPIs: BPS (Bitcoin Per Share) & Return Rates

02:45 - Financial Engineering & Accretive Growth Strategy at 21

05:00 - Bitcoin's Cultural Alignment with Tether & Mallers’ Long-Term Vision

06:20 - Strategic Bitcoin Reserves & America's Path to Sound Money

09:00 - Bitcoin Lending: HODLing, Borrowing, and Market Maturity

11:02 - Ross Ulbricht’s Impact on Mallers’ Bitcoin Origin Story

13:00 - Full Circle: From Ross in Prison to Ross Speaking at Bitcoin 2025

13:30 - Bitcoin and the Collapse of the Old Economic Order

15:45 - Bitcoin in the Bond Market & Mallers’ Macro Learning Curve

16:29 - Jack's Hottest Take: Proof of Reserves

💥 SNAG $10 IN BITCOIN WHEN YOU JOIN FOLD WITH BITCOIN MAGAZINE AND MAKE YOUR FIRST PURCHASE WITH THE FOLD CARD, BUY BITCOIN, OR BUY A GIFT CARD 💥

👉 https://foldapp.com/bitcoinmagazine #ad

#JackMallers #BitcoinBackstage #Bitcoin2025 #StrikeApp #Bitcoin21 #MacroBitcoin #BitcoinSPAC #ProofOfReserves #BitcoinTreasury #BitcoinLending #BitcoinEducation #RossUlbricht #BitcoinMacro #StackSats #BitcoinCapitalMarkets

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.