Bitcoin CEO Mallers Calls It Moral Revolution Against Failing Financial System

Jack Mallers, the CEO of Strike and Twenty One Capital, delivered a keynote at BTC Prague, where he argued that bitcoin represents a moral revolution against a failing financial system that disproportionately burdens younger generations. Mallers framed bitcoin as a necessary moral and generational revolution, rejecting the notion that it is solely for the wealthy or for speculative gain. He identified as a young millennial and asserted that his generation struggles under the weight of government debt and policies that favor elites. “My generation is struggling,” Mallers stated. “It’s not an investment; it’s a revolution.” He described government debt as “a form of time travel,” spending future resources, and questioned why problems like poverty persist if money can simply be printed.

Mallers traced systemic issues back to President Nixon ending the U.S. dollar’s convertibility to gold in 1971 and the subsequent petrodollar system. He cited economist Robert Triffin’s dilemma, arguing that the dollar’s reserve status forces the U.S. to run deficits, exporting inflation and instability domestically. Mallers said, “The cost of printing is not paid in currency—it’s paid in us. The youth bear it.” He claimed that social decline accelerated after 1971, including falling birth rates, rising divorce, increasing single-parent poverty, soaring health costs, declining life expectancy relative to Japan, unaffordable housing, and exploding incarceration rates. “Global reserve gone awry is not superpower—it’s a disease,” he argued.

Mallers contended that fiat money, controlled by governments, represents a “moral violation.” “Printing money is a moral violation—it’s stealing from future generations without consent. Fiat is a moral wrong,” he declared. He positioned bitcoin as humanity’s next essential tool, akin to fire or the printing press, designed with unbreakable ethical rules: “no censorship, no inflation… no theft.” Mallers asserted that before bitcoin is the best-performing asset, it’s a moral stand. He emphasized Bitcoin’s foundation in mathematics and cryptography, making it resistant to seizure or censorship: “Bitcoin creates immensity—the strength no violence can break.” He highlighted the community’s role: “Bitcoiners are bitcoin—the nodes enforcing consensus are run and defended by humans.”

Concluding, Mallers urged his generation to see BTC as hope for a better future. “Bitcoin is a moral option… It uses math to preserve happiness, saving, family, hope,” he said, adding: “Choose ethical money. Choose freedom.” Mallers’ speech underscored the moral and ethical dimensions of bitcoin, positioning it as a tool for generational change and a means to address the systemic issues plaguing the current financial system. His arguments highlighted the potential of bitcoin to provide a moral alternative to fiat money, emphasizing its resistance to censorship and inflation, and its role in preserving values such as happiness, saving, family, and hope.