Independent Bitcoin Advisory
21

Twenty-one squared

Clarity in a noisy market. An independent, Bitcoin-native practice — building the discretionary mandate for the slice of your portfolio that carries the asymmetry.

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Your risk-capital
sleeve.

Most portfolios don't need another manager. They need the right five percent.

21squared is building a discretionary mandate for the small, high-conviction Bitcoin-native sleeve that drives whole-portfolio asymmetry — designed to lift returns meaningfully while adding only marginal drawdown. Not a bid to run your entire portfolio: the concentrated sleeve where we have genuine edge — Bitcoin market structure, on-chain analytics, digital credit, and macro liquidity.

One portfolio, seen honestly
Core portfolio · ~95%
~5%
The 21squared sleeve — small by design, built to carry the asymmetry.
High conviction Disciplined sizing Marginal added drawdown

21squared is establishing its own licensed asset-management company in Liechtenstein (VVG · MiFID II · EEA passport). The mandate described on this page is in development and will be offered only upon FMA authorization. Nothing on this website constitutes an offer, a solicitation, or investment advice.

Three layers.
One discipline.

The mandate is designed as a complete Bitcoin-native architecture — income while you wait, asymmetry when it matters, and sovereignty when you're ready.

Layer 01 — Income Base
A cash account,
paid in double digits.

The base layer is designed to hold Bitcoin digital-credit instruments — preferred issues such as STRC (~12%) and SATA (~13% coupon) — so capital earns a serious income stream instead of sitting idle between allocations.

Indicative coupons as of July 2026 · variable · issuer risk applies
Layer 02 — Asymmetry Sleeve
The upside,
sized with rules.

Bitcoin ETPs, BOLD, and select treasury-company equities — sized by a disciplined allocation framework, not conviction alone. This is the layer built to capture the asymmetric returns that define the asset class.

Sizing governed by a rules-based allocation framework
Layer 03 — Sovereignty
Self-custody,
properly taught.

Beyond the mandate: we help clients buy spot Bitcoin, move it to cold storage, and learn genuine self-custody — delivered as education, with execution and custody through a licensed partner.

Education & introduction — not custody services

Small sleeve.
Real lift.

You don't have to take our word on sizing. The world's largest asset managers have published the math on what a small Bitcoin allocation does to a portfolio.

BlackRockRisk-contribution budgeting · Dec 2024
1–2%
Morgan StanleyEqual-weight model · Q1 2026
0–4%
BitwiseMean-variance optimization · 2025
5%
FidelityKelly + mean-variance, max Sharpe · Mar 2026
9.4%

A 1–3% allocation is now mainstream institutional consensus. Fidelity's published ten-year data: a 60/40 portfolio with 3% Bitcoin lifted modeled annual return from 10.26% to 14.56% — while maximum drawdown deepened by barely one point. The 21squared mandate is designed to run this sleeve at conviction size, with discipline.

The Asymmetry Simulator Illustrative — not advice
Bitcoin sleeve
5,0%
of a classic 60/40 portfolio, rebalanced annually
0% 5% 10%
1–3% institutional consensus  ·  peak Sharpe (1.20) at 5%
Modeled annual return +7,29 pp
60/40
10,26%
+Sleeve
17,55%
Maximum drawdown +2,57 pp deeper
60/40
−20,64%
+Sleeve
−23,21%
Annual volatility 10,26% → 13,80%
€1M compounded over 10 years (modeled) 60/40 baseline: €2,66M
€5,04M
Illustrative only. Interpolated from published 10-year historical data (Fidelity Digital Assets, "Getting Off Zero", March 2026; 60/40 portfolio + BTC, annual rebalancing). Past performance is not indicative of future results. This is a historical model, not a projection, an offer, or investment advice.
Browse the full Evidence Room — 10 exhibits, incl. the live cycle gauge →

Paid to perform.
Not to gather assets.

The mandate's economics are being designed around one idea: we should only win when you win — by a wide margin.

01
A high bar, or nothing.

Performance compensation is designed to begin only above a hard 13.5% annual hurdle. Below that bar, the upside is yours — we don't get paid extra for returns you could have earned passively.

02
High-water mark.

We are never paid twice for the same gains — and never for merely recovering a drawdown. Losses must be earned back in full before any performance compensation resumes.

03
Independent by structure.

No in-house products, no retrocessions, no order-flow deals — and no umbrella to share economics with. 21squared is building its own FMA-licensed asset-management company in Liechtenstein, with client assets held at established custodian banks — in your own name.

04
One asset. One focus.

We don't do everything. We do Bitcoin — market structure, on-chain analytics, digital credit, macro liquidity — at a depth generalists can't reach. Specialization is the edge.

The Bitcoin clock.

Every 10 minutes, a new block is mined. The protocol runs on schedule — with or without permission.

Block HeightBlocks mined since genesis
Blocks to HalvingNext halving at block 1,050,000
BTC MinedOut of 21,000,000
Days Since GenesisJanuary 3, 2009
Next Halving Countdown Block reward drops from 3.125 → 1.5625 BTC
Days
:
Hours
:
Mins
:
Secs
Bitcoin Supply Issued —%
— BTC mined 21,000,000 cap

Squared thinking.
Bitcoin focus.

21 Squared is an independent advisory project built around a single conviction: Bitcoin is the most significant monetary development of our era.



We help individuals and families think clearly about long-term wealth preservation — without the noise, without the conflicts of interest, and without the hype.



This website is for informational purposes only and does not constitute financial or investment advice.

21M
Hard cap. Forever.
One asset. One focus.
Long time horizon
0
Conflicts of interest
The only question that matters

Get off
zero.

The hardest money ever created is available to anyone with an internet connection. The question isn't whether Bitcoin matters — it's whether you're ready to understand why.

Start the Conversation

The Bitcoin principles.

01
21,000,000.
Not one more.

The hardest monetary cap in human history. Unlike every other asset — gold, real estate, equities — the supply of Bitcoin is mathematically fixed forever. Scarcity by protocol.

02
Your keys.
Your coins.

Self-custody transforms Bitcoin from a financial product into genuine sovereignty. When you hold your own keys, no institution, government, or bank can freeze, seize, or inflate your wealth.

03
Don't trust.
Verify.

Bitcoin requires no central authority and asks for no blind trust. Every transaction, every block, every rule is verifiable by anyone running a node. This is what trustless means.

04
Long time
preference.

Sound money rewards patience. Bitcoin's design punishes short-term thinking and rewards those who understand its trajectory over years and decades — not days or weeks.

05
Borderless.
Permissionless.

Bitcoin moves at the speed of light across any border, to anyone, without asking permission. For the first time in history, anyone can be their own bank and their own payment rail.

Scroll to explore

How many sats
is that?

1 Bitcoin = 100,000,000 satoshis. The smallest unit of account — named after its creator. Convert any euro amount into sats in real time.


Price updates every 30 seconds from CoinGecko.

You have (EUR)
You get (Satoshis)
— BTC
1 BTC = loading…
"

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

Satoshi Nakamoto · Bitcoin Whitepaper, 2008
"

Bitcoin is the first thing that humanity has ever created that has absolutely perfect, unimpeachable scarcity. There's no more powerful idea in the world of money.

Michael Saylor · MicroStrategy
"

Sound money is money that no one can monopolize, manipulate, or destroy. For the first time in history, we have a form of money that truly qualifies.

Saifedean Ammous · The Bitcoin Standard
"

Bitcoin is the separation of money and state — the most important idea of the 21st century. Every generation has its defining monetary moment. This is ours.

Jack Mallers · Strike
"

It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy.

Satoshi Nakamoto · Bitcointalk, 2009

From conversation
to compounding.

01
Conversation

A direct, no-obligation discussion of your situation, your allocation, and your questions. Handled personally — no forms, no funnels.

02
Design

Suitability, sizing, and sleeve architecture. The mandate is designed around your portfolio — not sold from a shelf.

03
Activation

Upon FMA authorization: the mandate is signed directly with 21squared's own licensed Liechtenstein entity, with assets custodied at established banks in your own name.

04
Compounding

Disciplined execution, transparent reporting, ongoing education. Measured over years — not quarters.

Let's talk.

Have a question or want to start a conversation? Reach out directly — no forms, no bots.

isebrand@21squared.it

All enquiries are handled personally.
Expect a response within 1–2 business days.

FocusIndependent Bitcoin Advisory
ApproachLong-term, conviction-based
LocationSouth Tyrol · Innsbruck · Remote Worldwide
Regulatory Status21squared is establishing its own asset-management company in Liechtenstein and pursuing an asset-management licence under the VVG (FMA Liechtenstein; MiFID II, EEA passport). The discretionary mandate will be offered only upon authorization. 21squared is not currently licensed to provide investment services.
DisclaimerNothing on this website constitutes financial, investment, or legal advice. All content — including all descriptions of the planned mandate and all modeled figures — is forward-looking, for informational purposes only, and is not an offer or solicitation.