二十一首資本的發射公告遇到了混合反應

二十一首資本的揭幕顯然使Tradfi和加密貨幣領域都感到驚訝。這家雄心勃勃的比特幣本地公司，由行業巨頭和備受矚目的加密愛好者支持

The announcement of Twenty One Capital last month sparked mixed reactions within the crypto community. While some saw it as another massive step toward institutional adoption, others grew weary that Bitcoin might fall victim to “Wall Streetization.”

上個月宣布二十一首資本的消息引發了加密貨幣社區中的混合反應。雖然有些人將其視為邁向機構採用的又一巨大一步，但另一些人卻疲倦了，比特幣可能是“華爾街化”的受害者。

To better understand the reasons for optimism and apprehension surrounding Twenty One Capital’s launch, BeInCrypto consulted with Matt Mena, a researcher at 21Shares, and Mati Greenspan, CEO of Quantum Economics.

為了更好地了解二十一首首都發射的樂觀和憂慮的原因，Beincrypto諮詢了21Shares的研究員Matt Mena和Quantum Economics的首席執行官Mati Greenspan。

Public Bitcoin Giant Emerges Amidst Mixed Reactions

公共比特幣巨頭在混合反應中出現

The unveiling of Twenty One Capital surprised both the TradFi and crypto space. This ambitious Bitcoin-native company, backed by industry giants and high-profile crypto enthusiasts, immediately became a focal point of intense discussion and speculation.

二十一首首都的揭幕令Tradfi和加密貨幣領域都感到驚訝。這家雄心勃勃的比特幣本地公司以行業巨頭和備受矚目的加密愛好者的支持，立即成為強烈討論和投機的重點。

Spearheading this new venture is Jack Mallers, the well-known Bitcoin advocate and CEO of Strike. He will reportedly lead Twenty One as its CEO.

率領這一新事業的是傑克·馬拉斯（Jack Mallers），他是著名的比特幣擁護者兼罷工首席執行官。據報導，他將領導二十一名首席執行官。

Also, the company boasts significant financial backing from USDT issuer Tether and SoftBank Group, a global investment powerhouse.

此外，該公司還擁有全球投資強國USDT發行人Tether和Softbank Group的大力財務支持。

Announcing Twenty One: https://t.co/zg4PVHidw2

宣布二十一個：https：//t.co/zg4pvhidw2

Twenty One is a #Bitcoin-native company and the ultimate vehicle for capital markets to access #Bitcoin

二十一家是​​一家＃比特幣本地公司，也是訪問#bitcoin的最終工具

We intend to leverage capital markets to maximize #Bitcoin ownership per share (BPS) & pioneer #Bitcoin-native financial tools pic.twitter.com/RixWzvcL1y— Twenty One (NYSE:TWTY) (@TwentyOne) August 1, 2023

我們打算利用資本市場來最大化#bitcoin每股所有權（BPS）和先驅＃比特幣本地金融工具pic.twitter.com/rixwzvcl1y-二十一（紐約證券交易所：twty）（@twenty）

Twenty One Capital is structured as a publicly traded entity through a business combination with Cantor Equity Partners. The company is expected to launch with a substantial Bitcoin treasury exceeding 42,000 BTC.

通過與Cantor Equity Partners的業務組合，Two One Capital的結構是公開交易的實體。預計該公司將以超過42,000 BTC的大量比特幣國庫成立。

Its stated mission includes maximizing Bitcoin ownership per share, advocating for Bitcoin adoption, producing related content, and exploring the development of future Bitcoin-native financial products.

其陳述的任務包括最大化比特幣所有權，主張採用比特幣，生產相關內容以及探索未來比特幣本地金融產品的開發。

This news sparked a nuanced response, with excitement about Bitcoin becoming more mainstream alongside concerns about how institutional involvement might affect an asset designed to challenge traditional finance.

這一消息引發了細微的反應，對比特幣成為越來越主流的興奮，同時對機構參與如何影響旨在挑戰傳統金融的資產的擔憂。

Institutionalizing Bitcoin: Opening Doors to Wider Investment

制度化比特幣：為更廣泛的投資打開大門

For those who have been closely following Bitcoin’s journey and rooting for its success, the formation of Twenty One Capital is a development that feels like the natural progression of events.

對於那些一直緊隨比特幣的旅程並紮根於其成功的人來說，二十一首資本的形成是一種感覺就像事件的自然發展。

Major players like SoftBank and Tether’s involvement signify a collective shift in belief toward Bitcoin as a legitimate asset class. Some also see creating a publicly traded company with the sole focus on Bitcoin as a step that will further solidify its footprint in the market.

像軟銀和Tether的參與之類的主要參與者表示，信念對比特幣的集體轉變為合法的資產類別。有些人還認為創建一家公開交易的公司，唯一的關注比特幣是一步，將進一步鞏固其在市場上的佔地面積。

“The launch of 21 Capital doesn’t change Bitcoin’s core architecture or ethos– but it does highlight how institutional investors, such as Cantor Fitzgerald and SoftBank, who together manage hundreds of billions of dollars, are increasingly recognizing Bitcoin’s value as a neutral, non-sovereign asset in today’s shifting financial landscape,” said Mena.

“ 21 Capital的推出不會改變比特幣的核心建築或精神，但它確實突顯了機構投資者，例如Cantor Fitzgerald和Softbank，他們如何共同管理數千億美元的軟銀，越來越多地認識到比特幣的價值是當今流動的金融風格的中性，非潛水資產，”

By institutionalizing Bitcoin, Twenty One Capital will also open the asset to a broader class of investors.

通過使比特幣制度化，二十一首資本還將向更廣泛的投資者開放資產。

Increased Liquidity and Access

增加流動性和進入

Crypto advocates have consistently welcomed steps bringing digital assets closer to mainstream investors. Last year’s approval of Bitcoin and Ethereum exchange-traded funds (ETFs) marked a significant initial move in this direction. This development allowed traditional traders to gain portfolio exposure to these alternative assets without directly holding them.

加密擁護者一直歡迎措施，使數字資產更接近主流投資者。去年批准比特幣和以太坊交易所交易基金（ETF）標誌著這一方向的重大初始舉動。這種發展使傳統交易者可以在不直接持有的情況下獲得這些替代資產的投資組合。

The launch of Twenty One Capital will likely have a comparable impact. Establishing a large Bitcoin treasury within a publicly traded vehicle increases liquidity and provides traditional investors with a more accessible route to Bitcoin exposure.

二十一首資本的推出可能會產生可比的影響。在公開交易的車輛中建立大型比特幣財政部增加了流動性，並為傳統投資者提供了更容易接觸到比特幣的途徑。

Meanwhile, unlike firms that decide to allocate a portion of their assets to Bitcoin, the entirety of Twenty One Capital’s purpose is defined by this digital asset. This commitment could pave the way for developments that contribute to the Bitcoin ecosystem’s growth and health.

同時，與決定將部分資產分配給比特幣的公司不同，全部二十一首資本的目的是由該數字資產定義的。這項承諾可以為有助於比特幣生態系統的增長和健康的發展鋪平道路。

“Investment vehicles like 21 Capital, Strategy (formerly MicroStrategy), and the ETF wrapper arguably further Bitcoin’s original vision by democratizing access to finance. They help make Bitcoin exposure available to a broader base of investors—from institutions to everyday savers—without requiring direct crypto custody or technical knowledge,” said Mena.

“諸如21 Capital，策略（以前為MicroStrategy）之類的投資工具以及ETF包裝紙可以說，可以通過使比特幣的原始願景通過使資金訪問來實現。它們有助於使更廣泛的投資者提供比特幣的風險，從機構到日常儲蓄者 - 不需要直接加密貨幣或技術知識，” Mena說。

Despite the valid points in these arguments, Tether and SoftBank’s significant backing presents several potential dangers.

儘管在這些論點中有有效的觀點，但Tether和Softbank的重大支持帶來了一些潛在的危險。

Bitcoin’s Decentralized Traits are Inherent

比特幣的分散特徵是固有的

When asked about the potential negative implications of Twenty One Capital on the Bitcoin network, Mena made a critical distinction between two key aspects.

當被問及二十一資本對比特幣網絡的潛在負面影響時，MENA在兩個關鍵方面之間做出了關鍵的區別。

He explained that Twenty One Capital would be a service built on top of the Bitcoin network. As such, any internal centralization within their operations wouldn’t alter the underlying decentralized nature of the Bitcoin protocol itself.

他解釋說，二十一首資本將是在比特幣網絡之上建立的服務。因此，其運營中的任何內部集中化都不會改變比特幣協議本身的基本分散性質。

Individuals would still maintain the freedom to interact with Bitcoin directly in a peer-to-peer manner, as envisioned in its creation.

正如其創造中所設想的那樣，個人仍然會保持自由與比特幣直接與比特幣互動。

“It’s important, though, not to conflate institutional participation with control. Bitcoin remains decentralized— open, permissionless, and secured by a globally distributed network of miners and nodes. Entities like 21 Capital don’t alter the protocol or centralize the asset— they simply offer new access points that integrate Bitcoin into existing financial infrastructure,” said Mena.

“不過，重要的是，不要將機構參與與控制權混為一談。比特幣仍然分散，開放，無許可，並由全球分佈式的礦工和節點網絡確保。11Capital這樣的實體不會改變協議或集中資產，他們只是提供將比特幣集成到現有的金融基礎結構中的新訪問點，” Mena說。 ”