Jack Mallers, CEO of Strike and founder of Twenty One Capital, is set to launch a Bitcoin-backed lending service within days, signaling a new phase in Bitcoin financial products. Twenty One Capital, which surged over 200% in value last week without having started Bitcoin purchases, has quickly established itself as a major player in the cryptocurrency space. The company launched with 42,000 BTC on day one and is backed by prominent investors including SoftBank, Tether, and Cantor Fitzgerald. It aims to accumulate Bitcoin and grow ownership per share, positioning itself as a competitor to MicroStrategy. Market sentiment around Bitcoin is bullish, with projections suggesting Bitcoin could reach $100,000 imminently and potentially hit $127,000 or even $200,000 later this year. The anticipated launch of Strike's lending service is viewed as a bullish development for Bitcoin, with expectations of a substantial short squeeze that could liquidate $1.4 billion in shorts, driving prices higher.