The race for Bitcoin supremacy just got more complicated.
Twenty One Capital, backed by Tether, SoftBank, and Cantor Fitzgerald, plans to stack as much BTC as it possibly can. 
But is this new venture really about Bitcoin … or about creating a hyper-volatile stock to play market cycles?
This week on Unchained, Jeff Park of Bitwise and Mark Palmer of Benchmark join to discuss:
Why SoftBank and Tether are a “perfect match”—and why they turned to Bitcoin
How volatility, not bitcoin itself, might be the real asset investors are buying
What Cantor’s involvement says about Wall Street’s readiness for crypto
Why the launch timing matters
Whether Twenty One could repeat MicroStrategy’s mistakes
Whether these new Bitcoin vehicles are better bets than spot bitcoin or ETFs

Plus, is SoftBank getting into crypto a top signal? 👀