We Study Billionaires - The Investor’s Podcast Network BTC235: Jack Mallers on XXI (21) and Strike Borrowing and Lending (Bitcoin Podcast)
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May 21, 2025 
Jack Mallers, CEO of Strike and founder of 21, dives into the exciting launch of Twenty One Capital, discussing its unique approach to Bitcoin investment compared to traditional options like MicroStrategy. He shares insights on how strategic partnerships with Tether and SoftBank aim to boost global Bitcoin adoption. The conversation tackles the innovative borrowing and lending structures at Strike, addressing lessons learned from past crypto failures and emphasizing transparency. Mallers also highlights the future of Bitcoin as a tool for financial sovereignty.
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US Dollar Exported Economic Strength
- Post-WWII, the US exported economic strength via the dollar, enabling other countries to rebuild through trade surpluses.
- The dollar became the world reserve currency, allowing US consumers to import goods while running a trade deficit.
Unraveling Post-WWII Monetary System
- The post-WWII monetary system, centered on the US dollar, was unsustainable due to the US running persistent trade deficits.
- Other countries accumulated dollar surpluses, which they reinvested globally, creating a massive wealth gap and hollowed-out US middle class.
Twenty One Capital's Bitcoin KPIs
- Twenty One Capital offers Bitcoin per share and Bitcoin return rate metrics to align with Bitcoin's unique value.
- The company aims to grow Bitcoin holdings and develop Bitcoin financial services, distinct from static ETFs.