二十一首资本的发射公告遇到了混合反应

二十一首资本的揭幕显然使Tradfi和加密货币领域都感到惊讶。这家雄心勃勃的比特币本地公司，由行业巨头和备受瞩目的加密爱好者支持

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.”

上个月宣布二十一首资本的消息引发了加密货币社区中的混合反应。虽然有些人将其视为迈向机构采用的又一巨大一步，但另一些人却疲倦了，比特币可能是“华尔街化”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.

为了更好地了解二十一首首都发射的乐观和忧虑的原因，Beincrypto咨询了21Shares的研究员Matt Mena和Quantum Economics的首席执行官Mati Greenspan。

Public Bitcoin Giant Emerges Amidst Mixed Reactions

公共比特币巨头在混合反应中出现

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和加密货币领域都感到惊讶。这家雄心勃勃的比特币本地公司以行业巨头和备受瞩目的加密爱好者的支持，立即成为强烈讨论和投机的重点。

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.

率领这一新事业的是杰克·马拉斯（Jack Mallers），他是著名的比特币拥护者兼罢工首席执行官。据报道，他将领导二十一名首席执行官。

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

此外，该公司还拥有全球投资强国USDT发行人Tether和Softbank Group的大力财务支持。

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

宣布二十一个：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＃比特币本地公司，也是访问#bitcoin的最终工具

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

我们打算利用资本市场来最大化#bitcoin每股所有权（BPS）和先驱＃比特币本地金融工具pic.twitter.com/rixwzvcl1y-二十一（纽约证券交易所：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.

通过与Cantor Equity Partners的业务组合，Two One Capital的结构是公开交易的实体。预计该公司将以超过42,000 BTC的大量比特币国库成立。

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.

其陈述的任务包括最大化比特币所有权，主张采用比特币，生产相关内容以及探索未来比特币本地金融产品的开发。

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.

这一消息引发了细微的反应，对比特币成为越来越主流的兴奋，同时对机构参与如何影响旨在挑战传统金融的资产的担忧。

Institutionalizing Bitcoin: Opening Doors to Wider Investment

制度化比特币：为更广泛的投资打开大门

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.

对于那些一直紧随比特币的旅程并扎根于其成功的人来说，二十一首资本的形成是一种感觉就像事件的自然发展。

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.

像软银和Tether的参与之类的主要参与者表示，信念对比特币的集体转变为合法的资产类别。有些人还认为创建一家公开交易的公司，唯一的关注比特币是一步，将进一步巩固其在市场上的占地面积。

“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的推出不会改变比特币的核心建筑或精神，但它确实突显了机构投资者，例如Cantor Fitzgerald和Softbank，他们如何共同管理数千亿美元的软银，越来越多地认识到比特币的价值是当今流动的金融风格的中性，非潜水资产，”

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

通过使比特币制度化，二十一首资本还将向更广泛的投资者开放资产。

Increased Liquidity and Access

增加流动性和进入

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.

加密拥护者一直欢迎措施，使数字资产更接近主流投资者。去年批准比特币和以太坊交易所交易基金（ETF）标志着这一方向的重大初始举动。这种发展使传统交易者可以在不直接持有的情况下获得这些替代资产的投资组合。

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.

二十一首资本的推出可能会产生可比的影响。在公开交易的车辆中建立大型比特币财政部增加了流动性，并为传统投资者提供了更容易接触到比特币的途径。

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.

同时，与决定将部分资产分配给比特币的公司不同，全部二十一首资本的目的是由该数字资产定义的。这项承诺可以为有助于比特币生态系统的增长和健康的发展铺平道路。

“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.

“诸如21 Capital，策略（以前为MicroStrategy）之类的投资工具以及ETF包装纸可以说，可以通过使比特币的原始愿景通过使资金访问来实现。它们有助于使更广泛的投资者提供比特币的风险，从机构到日常储蓄者 - 不需要直接加密货币或技术知识，” Mena说。

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

尽管在这些论点中有有效的观点，但Tether和Softbank的重大支持带来了一些潜在的危险。

Bitcoin’s Decentralized Traits are Inherent

比特币的分散特征是固有的

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

当被问及二十一资本对比特币网络的潜在负面影响时，MENA在两个关键方面之间做出了关键的区别。

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.

他解释说，二十一首资本将是在比特币网络之上建立的服务。因此，其运营中的任何内部集中化都不会改变比特币协议本身的基本分散性质。

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

正如其创造中所设想的那样，个人仍然会保持自由与比特币直接与比特币互动。

“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.

“不过，重要的是，不要将机构参与与控制权混为一谈。比特币仍然分散，开放，无许可，并由全球分布式的矿工和节点网络确保。11Capital这样的实体不会改变协议或集中资产，他们只是提供将比特币集成到现有的金融基础结构中的新访问点，” Mena说。”