Jack Mallers on Borrowing Against Bitcoin, Full Scoop on Twenty One Capital, & Emerging World Order

In this episode of Coin Stories, Natalie interviews Jack Mallers, CEO of Strike and Twenty One, about Strike's new Bitcoin-backed lending product, which allows users to borrow cash against their Bitcoin holdings without selling them and incurring taxable events. Mallers addresses community concerns about rehypothecation, assuring listeners that Strike's loans do not involve rehypothecation and that they are working towards proof-of-reserves lending products with lower APRs. The conversation shifts to Twenty One, a pure-play Bitcoin company founded by Mallers and Paolo Ardoino, aiming to provide capital markets with a unique opportunity to invest in Bitcoin-native businesses and financial services. Mallers also shares his macro perspective, discussing the unwinding of the post-World War monetary system and the potential for Bitcoin to serve as a neutral reserve asset in a world where the U.S. is structurally short volatility.