{"id":1747,"date":"2026-04-25T08:06:45","date_gmt":"2026-04-25T00:06:45","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=1747"},"modified":"2026-04-25T08:06:45","modified_gmt":"2026-04-25T00:06:45","slug":"%e6%af%94%e7%89%b9%e5%b8%81%e3%80%8c%e7%89%9b%e5%b8%82%e6%b6%a8%e4%b8%8d%e5%8a%a8%e3%80%8d%ef%bc%81%e5%88%86%e6%9e%90%e5%b8%88%e6%8f%ad%e3%80%8c%e7%9b%98%e6%95%b4%e9%97%b7%e5%b1%80%e3%80%8d%e8%83%8c","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=1747","title":{"rendered":"\u6bd4\u7279\u5e01\u300c\u725b\u5e02\u6da8\u4e0d\u52a8\u300d\uff01\u5206\u6790\u5e08\u63ed\u300c\u76d8\u6574\u95f7\u5c40\u300d\u80cc\u540e\u771f\u76f8"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u6bd4\u7279\u5e01\u540e\u5e02\u600e\u4e48\u770b\uff1f \u6307\u6807\u663e\u793a\uff1a\u91cd\u62fe 3 \u4e07\u5173\u5361\u963b\u529b\u4e0d\u5927\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2023\/07\/bitcoinchartgreen-750x375.jpeg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2023\/07\/bitcoinchartgreen-750x375.jpeg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2023\/07\/bitcoinchartgreen-360x180.jpeg 360w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u6bd4\u7279\u5e01\u300c\u725b\u5e02\u6da8\u4e0d\u52a8\u300d\uff01\u5206\u6790\u5e08\u63ed\u300c\u76d8\u6574\u95f7\u5c40\u300d\u80cc\u540e\u771f\u76f8\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p>\u5bf9\u4e8e\u6ee1\u624b\u6bd4\u7279\u5e01\u7684\u591a\u5934\u4fe1\u5f92\u800c\u8a00\uff0c\u8fd1\u51e0\u4e2a\u6708\u6765\u773c\u7741\u7741\u770b\u8457\u7f8e\u80a1\u3001\u9ec4\u91d1\u9891\u521b\u65b0\u9ad8\uff0c\u6bd4\u7279\u5e01\u5374\u300c\u6b7b\u6c14\u6c89\u6c89\u300d\u3001\u8fdf\u8fdf\u4e0d\u89c1\u7a81\u7834\uff0c\u5fc3\u60c5\u60f3\u5fc5\u5f88\u632b\u6298\u3002\u300c\u4f1a\u4e0d\u4f1a\u662f\u6240\u6709\u4eba\u90fd\u770b\u9519\u4e86\uff1f\u300d\u8d44\u6df1\u4f20\u7edf\u91d1\u878d\uff08TradFi\uff09\u8d44\u4ea7\u7ecf\u7406\u4eba Jordi Visser\uff0c\u5468\u672b\u5728\u4e00\u7bc7\u6587\u7ae0\u4e2d\u629b\u51fa\u5927\u54c9\u95ee\uff0c\u81f3\u4eca\u5df2\u7d2f\u79ef\u903e 230 \u4e07\u6b21\u6d4f\u89c8\u3002<\/p>\n<p>\u5728\u8fd9\u7bc7\u5e7f\u4e3a\u6d41\u4f20\u7684\u6587\u7ae0\u300a\u6bd4\u7279\u5e01\u7684\u6c89\u9ed8 IPO\uff1a\u4e3a\u4f55\u8fd9\u6ce2\u76d8\u6574\u4e0d\u5982\u4f60\u6240\u60f3\uff08Bitcoin\u2019s Silent IPO: Why This Consolidation Isn\u2019t What You Think\uff09\u300b\u5f53\u4e2d\uff0cJordi Visser \u63d0\u51fa\u4e00\u4e2a\u8010\u4eba\u5bfb\u5473\u7684\u89c2\u70b9\u00a0 \u2014\u2014 \u6bd4\u7279\u5e01\u76ee\u524d\u7684\u6a2a\u76d8\u8d70\u52bf\u5e76\u975e\u300c\u718a\u5e02\u524d\u5146\u300d\uff0c\u800c\u662f\u300c\u7b79\u7801\u6362\u624b\u300d\u7684\u8fc7\u7a0b\u3002<\/p>\n<h3><strong>\u8138\u4e66 IPO \u4e5f\u66fe\u4e0a\u6f14\u7684\u5267\u672c<\/strong><\/h3>\n<p>Jordi Visser \u8ba4\u4e3a\uff0c\u867d\u7136\u6bd4\u7279\u5e01\u4ece\u672a\u7ecf\u5386\u8fc7\u4f20\u7edf\u610f\u4e49\u4e0a\u7684\u9996\u6b21\u516c\u5f00\u52df\u80a1\uff08IPO\uff09\uff0c\u4e0d\u8fc7\u5f53\u524d\u538b\u6291\u5e01\u4ef7\u6da8\u52bf\u7684\u56e0\u7d20\uff0c\u51e0\u4e4e\u4e0e\u65b0\u80a1\u4e0a\u5e02\u540e\u8868\u73b0\u4f4e\u8ff7\u7684\u539f\u56e0\u300c\u5982\u51fa\u4e00\u5f7b\u300d\u3002<\/p>\n<p>Jordi Visser \u63d0\u5230\uff0c\u5728\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u4e2d\uff0c\u5c24\u5176\u662f\u79d1\u6280\u9886\u57df\uff0cIPO \u4e4b\u540e\u6570\u6708\u5f80\u5f80\u662f\u6700\u5173\u952e\u7684\u300c\u6d41\u52a8\u6027\u76db\u5bb4\u300d\uff1a<\/p>\n<blockquote>\n<p><strong>\u65e9\u671f\u6295\u8d44\u4eba\u627f\u62c5\u4e86\u5de8\u5927\u7684\u98ce\u9669\uff0c\u5982\u679c\u6295\u8d44\u6210\u529f\uff0c\u4ed6\u4eec\u7406\u5e94\u83b7\u5f97\u4e30\u539a\u56de\u62a5\u3002\u4f46\u6700\u7ec8\u4e5f\u662f\u6700\u91cd\u8981\u7684\u662f\uff0c\u4ed6\u4eec\u5fc5\u987b\u5957\u5229\uff0c\u4ed6\u4eec\u9700\u8981\u6d41\u52a8\u6027\uff0c\u9700\u8981\u9000\u51fa\u5e02\u573a\uff0c\u9700\u8981\u5206\u6563\u98ce\u9669\u3002<\/strong><\/p>\n<\/blockquote>\n<p>\u4ee5 Facebook\uff08\u73b0\u4e3a Meta\uff09\u5728 2012 \u5e74\u7684 IPO \u6848\u4e3a\u4f8b\uff0c\u8be5\u516c\u53f8\u5f53\u65f6\u4ee5\u6bcf\u80a1 38 \u7f8e\u5143\u7684\u53d1\u884c\u4ef7\uff0c\u52df\u8d44 160 \u4ebf\u7f8e\u5143\uff0c\u4f30\u503c\u8fbe\u5230\u60ca\u4eba\u7684 1,040 \u4ebf\u7f8e\u5143\u3002\u5c82\u6599\u80a1\u4ef7\u4e00\u5e74\u540e\u5374\u4e0b\u8dcc 30%\uff0c\u5e02\u573a\u6279\u8bc4\u58f0\u6d6a\u56db\u8d77\uff0c\u7eb7\u7eb7\u8d28\u7591\u7956\u514b\u67cf\uff08Mark Zuckerberg\uff09\u7684\u9886\u5bfc\u80fd\u529b\u3002<\/p>\n<p>Jordi Visser \u6307\u51fa\uff0c\u8fd9\u4e0e\u5176\u8bf4\u662f\u7956\u514b\u67cf\u5931\u8d23\uff0c\u4e0d\u5982\u8bf4\u662f\u65e9\u671f\u6295\u8d44\u4eba\u8d81\u8457\u516c\u5f00\u5e02\u573a\u63d0\u4f9b\u7684\u6d41\u52a8\u6027\uff0c\u6765\u5151\u73b0\u8db3\u4ee5\u8ba9\u300c\u4eba\u751f\u7ffb\u76d8\u300d\u7684\u5de8\u989d\u5229\u6da6\u3002<\/p>\n<h3><strong>\u6a2a\u76d8\u78e8\u6b7b\u4eba\u4e4b\u8c1c\uff1a\u5927\u6237\u300c\u6162\u6162\u300d\u5012\u8d27\u51fa\u573a<\/strong><\/h3>\n<p>Jordi Visser \u63d0\u9192\uff0c\u5173\u952e\u7684\u662f\uff0c\u8fd9\u4e9b\u65e9\u671f\u6295\u8d44\u4eba\u5e76\u975e\u300c\u4e00\u6b21\u6027\u7838\u76d8\u300d\uff1a<\/p>\n<blockquote>\n<p><strong>\u4ed6\u4eec\u6709\u6761\u4e0d\u7d0a\u5730\u5206\u6563\u6301\u4ed3\u3002\u4ed6\u4eec\u5f88\u8c28\u614e\u3002\u4ed6\u4eec\u4e0d\u60f3\u8ba9\u4ef7\u683c\u66b4\u8dcc\u3002\u4ed6\u4eec\u5f88\u6709\u8010\u5fc3\u3002\u4ed6\u4eec\u4e3a\u4e86\u8fd9\u4e00\u523b\u5df2\u7ecf\u82e6\u7b49\u591a\u5e74\uff0c\u518d\u7b49\u51e0\u4e2a\u6708\u53c8\u4f55\u59a8\u3002<\/strong><\/p>\n<\/blockquote>\n<p>Jordi Visser \u5f62\u5bb9\uff0c\u8fd9\u6700\u7ec8\u5bfc\u81f4\u4e86\u4e00\u573a\u300c\u5feb\u628a\u6240\u6709\u4eba\u90fd\u903c\u75af\u7684\u6a2a\u76d8\u8d70\u52bf\u300d\uff0c\u542c\u8d77\u6765\u662f\u5426\u4f3c\u66fe\u76f8\u8bc6\uff1f\u4ed6\u63a5\u8457\u8bdd\u950b\u4e00\u8f6c\uff0c\u6307\u5411\u6bd4\u7279\u5e01\uff1a<\/p>\n<blockquote>\n<p><strong>\u94fe\u4e0a\u6570\u636e\u6b63\u8bc9\u8bf4\u8457\u4e00\u4e2a\u6e05\u6670\u7684\u6545\u4e8b&#8230; \u90a3\u4e9b\u591a\u5e74\u672a\u66fe\u4ea4\u6613\u7684\u300c\u8fdc\u53e4\u8001\u5e01\u300d\uff0c\u6709\u4e9b\u751a\u81f3\u5728\u5e01\u4ef7\u8fd8\u4e0d\u5230\u4e24\u4f4d\u6570\u65f6\u5c31\u88ab\u95f2\u7f6e\u7684\u6bd4\u7279\u5e01\uff0c\u73b0\u5728\u7a81\u7136\u6d3b\u8dc3\u8d77\u6765\u3002<\/strong><\/p>\n<\/blockquote>\n<p>Jordi Visser \u8868\u793a\uff0c\u6b63\u662f\u6bd4\u7279\u5e01\u73b0\u8d27 ETF \u83b7\u51c6\u4e0a\u5e02\u3001\u673a\u6784\u5165\u573a\u3001\u76d1\u7ba1\u73af\u5883\u8f6c\u8d8b\u53cb\u5584\uff0c\u8fd9\u624d\u4e3a\u6bd4\u7279\u5e01\u65e9\u671f\u4fe1\u5f92\u521b\u9020\u4e86\u5b9b\u5982\u300cIPO \u540e\u300d\u7684\u6d41\u52a8\u6027\u73af\u5883\uff0c\u5374\u4e5f\u662f\u7edd\u4f73\u7684\u9000\u573a\u65f6\u673a\u3002<\/p>\n<blockquote>\n<p><strong>\u8fc7\u53bb\u591a\u5e74\uff0c\u5e02\u573a\u6839\u672c\u5438\u6536\u4e0d\u4e86\u5982\u6b64\u5e9e\u5927\u7684\u5356\u538b\u3002\u8bd5\u60f3\u82e5\u662f\u5728 2015 \u5e74\u629b\u552e 1 \u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\uff1f\u4f60\u4f1a\u628a\u4ef7\u683c\u7838\u70c2\u3002 2019 \u5e74\u60f3\u5356 10 \u4ebf\u7f8e\u5143\uff1f\u540c\u6837\u4e0d\u53ef\u80fd\u3002<\/strong><\/p>\n<p><strong>\u4f46\u662f\u73b0\u5728\uff0cETF \u63d0\u4f9b\u4e86\u6e90\u6e90\u4e0d\u7edd\u7684\u300c\u673a\u6784\u4e70\u76d8\u300d\uff0c\u5927\u578b\u4f01\u4e1a\u5c06\u6bd4\u7279\u5e01\u7eb3\u5165\u8d44\u4ea7\u8d1f\u503a\u8868\uff0c\u751a\u81f3\u4e3b\u6743\u57fa\u91d1\u4e5f\u5f00\u59cb\u8fdb\u573a\uff0c\u5e02\u573a\u7ec8\u4e8e\u6210\u719f\u5230\u300c\u80fd\u627f\u63a5\u65e9\u671f\u7b79\u7801\u800c\u53c8\u4e0d\u5f15\u8d77\u6df7\u4e71\u300d\u7684\u9636\u6bb5<\/strong>\u3002<\/p>\n<\/blockquote>\n<p>Jordi Visser \u5f3a\u8c03\uff0c\u65e9\u671f\u6301\u5e01\u8005\u6b63\u6709\u8010\u5fc3\u3001\u6709\u8282\u594f\u5730\u5206\u6279\u51fa\u573a\uff0c\u300c\u4ed6\u4eec\u4e0d\u60f3\u8ba9\u4ef7\u683c\u66b4\u8dcc\uff0c\u53ea\u662f\u7a33\u5b9a\u5730\u3001\u6709\u7b56\u7565\u5730\u6362\u624b\u300d\uff0c\u800c\u8fd9\u4e5f\u5b8c\u7f8e\u89e3\u91ca\u4e86\u4e3a\u4f55\u6bd4\u7279\u5e01\u8d70\u52bf\u300c\u6a2a\u5411\u78e8\u4eba\u300d\u2014\u2014 \u6bcf\u6b21\u53cd\u5f39\u90fd\u77ed\u6682\uff0c\u968f\u540e\u53c8\u56de\u843d\u3002<\/p>\n<h3><strong>\u8fd9\u4e0d\u662f\u718a\u5e02\uff0c\u800c\u662f\u300c\u7b79\u7801\u6362\u624b\u300d<\/strong><\/h3>\n<p>Jordi Visser \u603b\u7ed3\u79f0\uff0c\u76ee\u524d\u7684\u76d8\u6574\u7edd\u4e0d\u80fd\u79f0\u4e3a\u300c\u718a\u5e02\u300d\uff0c\u800c\u662f\u4e00\u573a\u300c\u6240\u6709\u6743\u7684\u518d\u5206\u914d\u300d\uff0c\u4ece\u8fdc\u53e4\u5de8\u9cb8\u8f6c\u79fb\u5230\u673a\u6784\u624b\u4e2d\u3002<\/p>\n<p>\u4ece\u957f\u671f\u6765\u770b\uff0c\u8fd9\u662f\u5229\u591a\u4e8b\u4ef6 \u2014\u2014 \u53ea\u662f\u8fc7\u7a0b\u5f80\u5f80\u6f2b\u957f\u3002<\/p>\n<p>\u5728\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u4e2d\uff0c\u8fd9\u7c7b\u300c\u5206\u914d\u671f\u300d\u901a\u5e38\u5386\u65f6 6 \u81f3 18 \u4e2a\u6708\uff1b\u5373\u4f7f\u5728\u8282\u594f\u8f83\u5feb\u7684\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\uff0cJordi Visser \u4ecd\u9884\u671f\u8fd9\u6ce2\u6a2a\u76d8\u53ef\u80fd\u5ef6\u7eed\u6570\u6708\u4e4b\u4e45\u3002<\/p>\n<blockquote>\n<p><strong>\u5e02\u573a\u60c5\u7eea\u53ea\u6709\u5728\u5206\u914d\u7ed3\u675f\u540e\u624d\u4f1a\u56de\u6696\u3002\u4eba\u4eec\u4e4b\u6240\u4ee5\u611f\u5230\u6cae\u4e27\uff0c\u662f\u56e0\u4e3a\u4ed6\u4eec\u4e0d\u4e86\u89e3\u76ee\u524d\u6240\u5904\u7684\u9636\u6bb5\u3002<\/strong><strong>\u4ed6\u4eec\u671f\u5f85\u6bd4\u7279\u5e01\u300c\u8865\u6da8\u300d\uff0c\u62c5\u5fc3 4 \u5e74\u51cf\u534a\u5468\u671f\u5931\u6548\u3002<\/strong><\/p>\n<p><strong>\u4f46\u8bf7\u4fdd\u6301\u8010\u5fc3\u2014\u2014 \u5f53\u5356\u538b\u9010\u6e10\u88ab\u6d88\u5316\u3001\u673a\u6784\u4e70\u76d8\u5438\u6536\u6389 OG\uff08\u65e9\u671f\u6301\u5e01\u8005\uff09\u7684\u4f9b\u7ed9\u540e\uff0c\u6bd4\u7279\u5e01\u7684\u4e0a\u884c\u4e4b\u8def\u5c06\u518d\u5ea6\u660e\u6717\u3002<\/strong><\/p>\n<\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u5bf9\u4e8e\u6ee1\u624b\u6bd4\u7279\u5e01\u7684\u591a\u5934\u4fe1\u5f92\u800c\u8a00\uff0c\u8fd1\u51e0\u4e2a\u6708\u6765\u773c\u7741\u7741\u770b\u8457\u7f8e\u80a1\u3001\u9ec4\u91d1\u9891\u521b\u65b0\u9ad8\uff0c\u6bd4\u7279\u5e01\u5374\u300c\u6b7b\u6c14\u6c89\u6c89\u300d\u3001\u8fdf\u8fdf\u4e0d\u89c1\u7a81\u7834\uff0c\u5fc3\u60c5 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1748,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1747"}],"version-history":[{"count":1,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1747\/revisions"}],"predecessor-version":[{"id":7454,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/1747\/revisions\/7454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/1748"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}