Twenty One Capital CEO says Bitcoin price is expected to break $117,000 and is expected to rise 200 times

Twenty One Capital CEO Jack Mallers predicts that Bitcoin’s value could soar 200 times, targeting the global savings market of $400-500 trillion. Given that Bitcoin is currently worth only $2 trillion, he believes it has huge growth potential as it attracts demand for wealth preservation. Affected by the Fed's interest rate cut, Bitcoin has recently traded at about $116,700, up 0.7%. Malles's company holds 43,514 bitcoins, worth $5.04 billion and adopts a conservative strategy to deal with market volatility.