Twenty One Capital Launches on NYSE – Cathie Wood Forecasts Bitcoin Price of $1.5 Million

New Milestone for Institutional Bitcoin Adoption

Institutional adoption of Bitcoin has reached a new dimension: Twenty One Capital, co-founded by Bitcoin entrepreneur Jack Mallers, began trading on the New York Stock Exchange under the ticker symbol XXI on Tuesday^[2]. At the same time, prominent investor Cathie Wood is reaffirming her long-term vision of a Bitcoin price in the millions.

Twenty One Capital Becomes Third-Largest Public Bitcoin Holder

Following the completion of its merger with Cantor Equity Partners, Twenty One Capital now holds 43,514 Bitcoin worth approximately $3.9 billion US dollars^[2]. This makes the company the third-largest public Bitcoin holder globally – surpassed only by Michael Saylor's MicroStrategy and Marathon Digital Holdings^[3].

"Bitcoin is honest money. That's why people choose it, and that's why we built Twenty One around it," Mallers explained on Monday ahead of the trading launch^[2]. The NYSE listing is about "giving Bitcoin the place it deserves in global markets, and offering investors the best of Bitcoin: its strength as a reserve asset and the upside potential of a business built on it"^[2].

More Than Just Bitcoin Accumulation

Beyond pure Bitcoin accumulation, the company plans to build an "enterprise architecture" to support Bitcoin-based financial products^[3]. This includes Bitcoin-native lending models and capital market instruments. Additionally, Twenty One Capital intends to establish Bitcoin-focused operating businesses designed to generate recurring revenue^[2].

The firm, launched in April, received early support from prominent investors including Cantor Fitzgerald, Tether, Bitfinex, and venture capital giant SoftBank^[2]. This combination of traditional financial institutions and crypto companies underscores the growing institutional acceptance of Bitcoin.

Cathie Wood's Million-Dollar Forecast for 2030

Parallel to these institutional developments, Cathie Wood, CEO and CIO of ARK Invest, is renewing her bullish Bitcoin forecast. In an interview with the Frankfurter Allgemeine, the investor reaffirmed her expectation that Bitcoin will reach $1.5 million by 2030^[1].

"Bitcoin will rise to $1.5 million. That is our expectation for the year 2030," Wood said^[1]. This price target has made headlines for several years, though the investor indicated about a month ago that stablecoins could potentially fulfill part of the role ARK Invest had attributed to Bitcoin, which could reduce the price target to $1.2 million^[1].

End of the Four-Year Cycle?

Despite long-term optimism, the sharp corrections typical of Bitcoin remain a challenge for investors. Historically, Bitcoin has experienced price declines of more than 75 percent every four years, following a certain cycle around the halving event^[1]. Whether this cycle will persist in the future remains an open question given increasing institutional participation.

The combination of growing institutional infrastructure, as represented by Twenty One Capital, and optimistic long-term forecasts from established investors like Cathie Wood paints a picture of a Bitcoin market that is increasingly maturing and evolving from a speculative asset into an established component of the global financial system.