Building the Berkshire Hathaway of Bitcoin | Twenty One Capital CEO Rapha Zagury

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Twenty One Capital CEO Rapha Zagury describes an ambition to build a Bitcoin-focused company modeled on Berkshire Hathaway, while UTXO’s Loren Asmus argues that Bitcoin could become a destination for capital from the roughly $300 trillion bond market. Together, the discussions frame Bitcoin’s opportunity as extending beyond individual adoption toward institutional-scale capital allocation. The key implication is that vehicles and strategies that connect traditional markets to Bitcoin may broaden demand, though the scale of any shift remains uncertain.

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