Podcasts/What Bitcoin Did/Bitcoin Is Eating The Financial System | Jack Mallers
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What Bitcoin Did

Bitcoin Is Eating The Financial System | Jack Mallers

May 6, 2026

Show Notes

“Bitcoin can change the world because the world can’t change Bitcoin.” Jack Mallers is back on the show to break down his vision for 21, Strike, and the next phase of Bitcoin’s monetisation. Jack explains why he doesn’t want to build another pure Bitcoin treasury company or another crypto casino, but a full-stack Bitcoin business: financial services, lending, custody, infrastructure, mining, capital markets, and a balance sheet built around Bitcoin. We get into the proposed acquisition of Strike, Bitcoin-backed lending, proof of reserves, why profitability matters, and why he thinks the best Bitcoin company won’t simply be the one that owns the most Bitcoin. We also discuss where Bitcoin fits in a world moving towards war, inflation, energy shocks, multipolarity, and whether fiat can survive another crisis. FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Jack Mallers: https://x.com/jackmallers THANKS TO OUR SPONSORS: LEDN: https://learn.ledn.io/wbd BITKEY: https://bitkey.world/ ANCHORWATCH: https://www.anchorwatch.com/ BLOCKWARE: https://mining.blockwaresolutions.com/wbd SWAN: https://www.swan.com/wbd CLUB ORANGE: https://www.cluborange.org/ CAPE: https://www.cape.co/wbd SUBSCRIBE TO THE PODCAST: FOUNTAIN: https://fountain.fm/show/gpascDml6iI0sM8aTOCT SPOTIFY: https://open.spotify.com/show/18Pixm6jNMATYXSO6cUnTH APPLE PODCASTS: https://podcasts.apple.com/gb/podcast/defiance/id1482455669 WEBSITE: https://www.whatbitcoindid.com/ CHAPTERS: 00:00:00 – Introduction 00:01:56 – Jack’s Vision For 21 00:03:50 – Crypto Casinos Vs Bitcoin Companies 00:08:00 – Building The Full Stack Bitcoin Company 00:14:13 – What 21 Would Do Differently 00:20:48 – Why Profitability Is A Moral Obligation 00:25:53 – The Strike Acquisition 00:28:19 – Turning Energy, Fiat And Capital Markets Into Bitcoin 00:35:38 – Is Wall Street A Threat To Bitcoin? 00:39:48 – Why Bitcoin Means A Wealth Transfer 00:52:02 – Bitcoin In A Multipolar World 01:03:29 – Why Everything Is Good For Bitcoin 01:08:42 – Can Fiat Survive This? 01:38:33 – Strike’s New Bitcoin Credit Products What Bitcoin Did with Danny Knowles #Bitcoin #Finance #Money #Economics