比特币并没有迷失方向。它已经占领了华尔街

美国比特币交易所交易基金的推出是 2024 年加密货币界最受瞩目的事件。但对某些人来说，“比特币 ETF”一词是一个矛盾的说法。

The launch of U.S. Bitcoin exchange-traded funds was crypto's most celebrated event in 2024. But for some, the term “Bitcoin ETF” is an oxymoron.

美国比特币交易所交易基金的推出是 2024 年加密货币界最受瞩目的事件。但对某些人来说，“比特币 ETF”一词是一个矛盾的说法。

Take it from Gary Gensler – the Securities and Exchange Commission chairman who begrudgingly approved such products for public trading.

以美国证券交易委员会主席加里·詹斯勒 (Gary Gensler) 为例，他不情愿地批准此类产品进行公开交易。

“Satoshi (sic) said this was gonna be a decentralized system… but now you can buy it through this thing called an exchange-traded product as well, which is centralized,” he argued in January.

“中本聪（原文如此）说这将是一个去中心化的系统……但现在你也可以通过这个被称为交易所交易产品的东西来购买它，它是中心化的，”他在一月份表示。

He has a point. Over 1,000,000 BTC and counting are now controlled by Bitcoin ETF providers across the world. Some of the largest providers include giants of traditional finance like BlackRock and Fidelity – exactly the sort of centralized firms that crypto wants to disintermediate.

他说得有道理。目前，全球比特币 ETF 提供商控制着超过 1,000,000 枚 BTC 并仍在计数中。一些最大的提供商包括贝莱德和富达等传统金融巨头——这正是加密货币想要去中介化的那种中心化公司。

Does this mean that Bitcoin has lost its way? Has the project been captured by the big banks?

这是否意味着比特币已经迷失了方向？项目被大银行拿下了吗？

Far from it. In fact, BlackRock's embrace of Bitcoin is how the company adapts to and survives crypto's continuous march toward global adoption.

远非如此。事实上，贝莱德对比特币的拥抱是该公司适应和生存加密货币不断走向全球采用的方式。

Bitcoin provides investors with an invaluable service that traditional banking will never replicate. As BlackRock CEO Larry Fink said in a CNBC interview, Bitcoin is like “digital gold” that you buy “when you believe that countries are debasing their currencies by excess deficits,” or to “invest in something that is outside your country's control.”

比特币为投资者提供了传统银行业无法复制的宝贵服务。正如贝莱德首席执行官拉里·芬克（Larry Fink）在接受 CNBC 采访时所说，比特币就像“数字黄金”，“当你相信一些国家因过度赤字而导致货币贬值时”，或者“投资于你所在国家无法控制的事物”时，你就会购买比特币。

The closest BlackRock could come to matching that service was to launch a Bitcoin ETF. As of now, Bitcoin ETFs fill a niche for regular people and institutions seeking price exposure to Bitcoin who face hurdles to acquiring the real thing. That niche market alone made the iShares Bitcoin Trust the most successful ETF launch of all time.

贝莱德最接近该服务的就是推出比特币 ETF。截至目前，比特币 ETF 为寻求比特币价格敞口但在获取实物时面临障碍的普通人和机构填补了一个空白。仅这个利基市场就使 iShares 比特币信托基金成为有史以来最成功的 ETF。

One Of The Best TV Shows Ever Made Lands On Netflix Today

有史以来最好的电视节目之一今天登陆 Netflix

Who Won The VP Debate Last Night? Here’s What Snap Polls And Betting Markets Say.

谁赢得了昨晚的副总统辩论？以下是 Snap 民意调查和博彩市场的说法。

New Critical Password Warning—86% Of All Router Users Need To Act Now

新的关键密码警告——86% 的路由器用户需要立即采取行动

Yet these ‘hurdles’ to buying real BTC in your own crypto wallet – be they technical or regulatory – are all falling away fast. The user experience of sending, receiving, and holding Bitcoin in a personal wallet is dramatically improving. Meanwhile, Congress is passing legislation to provide regulatory clarity for firms trying to launch crypto products, and build decentralized financial services.

然而，在自己的加密钱包中购买真正的比特币的这些“障碍”——无论是技术还是监管——都在迅速消失。在个人钱包中发送、接收和持有比特币的用户体验正在显着改善。与此同时，国会正在通过立法，为试图推出加密产品和建立去中心化金融服务的公司提供明确的监管。

In due time, managing financial affairs on the blockchain will be more efficient, secure, and useful than doing it through the bank – and all of traditional finance is scrambling to prepare.

在适当的时候，在区块链上管理金融事务将比通过银行管理金融事务更加高效、安全和有用——所有传统金融都在争先恐后地做好准备。

In March, BlackRock launched its first “tokenized fund” giving investors access to US dollar yields through a token issued on the Ethereum blockchain. Earlier this month, Franklin Templeton expanded its blockchain-based money market fund, FOBXX, to Arbitrum – a network that processes Ethereum transactions for pennies at sub-second speeds.

今年三月，贝莱德推出了首个“代币化基金”，让投资者可以通过以太坊区块链上发行的代币获得美元收益。本月早些时候，富兰克林邓普顿将其基于区块链的货币市场基金 FOBXX 扩展到 Arbitrum——一个以亚秒级速度处理便士以太坊交易的网络。

Even the big banks and payment providers are diving into crypto. PayPal has already launched its own stablecoin, PYUSD PayPal USD , which is a custom crypto token whose value is backed by U.S. dollars. Mastercard is experimenting with JP Morgan, Citibank, and other TradFi giants on tokenized asset settlement to make cross-border transfers run more smoothly.

甚至大型银行和支付提供商也开始涉足加密货币领域。 PayPal 已经推出了自己的稳定币 PYUSD PayPal USD ，这是一种定制的加密代币，其价值以美元为支撑。万事达卡正在与摩根大通、花旗银行和其他 TradFi 巨头进行代币化资产结算试验，以使跨境转账运行更加顺畅。

Finally, let's not forget the chorus of central banks worldwide who are either researching, developing, or piloting their own central bank digital currencies.

最后，我们不要忘记世界各地的中央银行正在研究、开发或试点自己的中央银行数字货币。