Jack Mallers Says Bitcoin Below $63,000 Prices Global Liquidity Crisis at BTC Prague

According to The Block, Strike founder and Twenty One Capital CEO Jack Mallers said during an interview at BTC Prague this week that Bitcoin trading below $63,000 reflects a global liquidity crisis, not a sentiment problem. Mallers noted that consumer sentiment measured by the University of Michigan has fallen to a record low—below 2008 and 2000—while the S&P 500 sits at an all-time high. "Bitcoin is the closest thing we have to the monetary reflection of truth," Mallers said, describing it as a "24/7 traded indicator of how the world is doing."

At Strike, bitcoin-backed lending has become the company's best-performing product. Mallers estimated the total CeFi bitcoin-backed lending market at $20–30 billion against a $1.25 trillion asset class, viewing this as a fraction of its natural size. Strike recently launched a no-liquidation loan option with quarterly proof-of-reserve audits.