Jack Maller’s confidently stated that XXI will surpass MicroStrategy (MSTR) in Bitcoin (BTC) holdings, not out of ego but with absolute certainty. After reflection, here’s potentially why: XXI is positioned to become the Bitbond originator for U.S. and Japanese sovereign entities. Key players like Cantor Fitzgerald and SoftBank, deeply connected to sovereign governments, and Tether, a top 20 buyer of U.S. Treasuries, support this. XXI will likely act as the holding agent for BTC, sharing only the yield upside, not the BTC itself. Their accumulated BTC war chest could back a Bitcoin-based stablecoin, creating a modern “Petro Dollar 2.0.” This would allow debt inflation, stabilize the transition, and prevent the collapse of leveraged traditional finance (TradFi). The US Government would support this given regulatory capture. As the agent, XXI would earn fees on issuance and possibly spread. Instead of the U.S. government issuing bonds directly 1.0% , XXI’s involvement would lower rates to 1.50%. High demand for these bonds would drive auction rates down, introducing a major new bidder to the market. This could break the Federal Reserve’s control over long-term rates within months. @AdamBLiv @DarkSide2030_