Twenty One Capital's Jack Mallers Argues BTC's Proof of Reserves Outclasses Gold at Bitcoin 2026

At Bitcoin 2026, Twenty One Capital CEO Jack Mallers argued that bitcoin’s onchain proof-of-reserves gives it a structural advantage over gold by enabling real‑time, publicly verifiable audits of corporate treasuries. Twenty One Capital now holds over 43,500 BTC (one of the largest public treasuries), launched a live proof‑of‑reserves system, and acquired ~5,800 BTC ahead of its public listing. Mallers’ presentation reinforces the narrative of bitcoin as a superior treasury asset, likely supporting institutional demand and potentially diverting some reserve interest away from gold. The development may bolster investor confidence and flows into bitcoin-linked strategies and corporate treasuries, a bullish signal for BTC market positioning and adoption.