對沖基金經理人大衛艾因霍恩批評新的加密貨幣和迷因幣

對沖基金經理人大衛艾因霍恩批評了已發行的新加密貨幣和迷因幣，並表示投資者的常識已經消失。

Hedge fund manager David Einhorn has slammed the slew of new cryptocurrencies and memecoins that hit the market, arguing that investors have lost all common sense.

對沖基金經理人大衛艾因霍恩(David Einhorn)猛烈抨擊了市場上大量的新加密貨幣和迷因幣，認為投資者已經失去了所有常識。

“We have reached the ‘Fartcoin’ stage of the market cycle,” Einhorn wrote in a letter to investors in his Greenlight Capital hedge fund. “Other than trading and speculation, it serves no other obvious purpose and fulfills no need that is not served elsewhere.”

「我們已經到達了市場週期的『Fartcoin』階段，」艾因霍恩在給他的 Greenlight Capital 對沖基金投資者的一封信中寫道。 “除了交易和投機之外，它沒有其他明顯的目的，也沒有滿足其他地方無法滿足的需求。”

Einhorn was referring to Fartcoin, a meme token that has exploded in popularity as the re-election of Donald Trump sparks a frenzy in the cryptocurrency market. Despite having no practical utility, Fartcoin now boasts a market capitalization of nearly $2 billion, surpassing many small-cap stocks.

艾因霍恩指的是“Fartcoin”，這是一種模因代幣，隨著唐納德·特朗普的連任引發了加密貨幣市場的狂熱，該代幣迅速流行起來。儘管沒有實際用途，Fartcoin 現在的市值已接近 20 億美元，超過了許多小型股。

Memecoin Mania

模因幣狂熱

In his letter to investors, Einhorn also went on to criticize the proliferation of memecoins that have emerged since the U.S. election last November. In recent days both U.S. President Donald Trump and his wife Melania have each launched their own memecoins ahead of the presidential inauguration.

在給投資者的信中，艾因霍恩也批評了去年 11 月美國大選以來出現的迷因幣的擴散。最近幾天，美國總統唐納德·川普和他的妻子梅蘭妮亞都在總統就職典禮之前推出了自己的迷因幣。

“Nothing stops the launch of many more tradable coins,” Einhorn wrote. “Perhaps we are leaving the Fartcoin stage of the market and entering the Trump (and Melania) memecoin stage. It’s anyone’s guess as to what will happen next, but it feels like it’s going to be wild.”

「沒有什麼可以阻止更多可交易代幣的推出，」艾因霍恩寫道。 「也許我們正在離開市場的 Fartcoin 階段，進入川普（和梅蘭妮亞）迷因幣階段。任何人都可以猜測接下來會發生什麼，但感覺會很瘋狂。

Crypto Peak

加密高峰

Einhorn’s letter comes as some analysts and investors speculate that a crypto bubble might burst now that Trump is back in the White House. Some market observers have pointed to the Trump and Melania memecoins as a potential tipping point for the crypto industry.

艾因霍恩寫這封信之際，一些分析師和投資人猜測，川普重返白宮後，加密貨幣泡沫可能會破裂。一些市場觀察家指出，川普和梅蘭妮亞迷因幣是加密產業的潛在轉折點。

Einhorn revealed that his hedge fund, Greenlight Capital, took advantage of the crypto frenzy during last year’s fourth quarter by shorting, or betting against, some popular spot Bitcoin (BTC) exchange-traded funds (ETFs). David Einhorn is a well-known value investor. Top holdings in his hedge fund include Green Brick Partners (NYSE:GRBK) and Kyndryl Holdings (NYSE:KD).

艾因霍恩透露，他的對沖基金 Greenlight Capital 利用去年第四季的加密貨幣熱潮，做空或做空一些流行的現貨比特幣 (BTC) 交易所交易基金 (ETF)。大衛‧艾因霍恩（David Einhorn）是一位著名的價值投資者。他的對沖基金中持有最多的股票包括 Green Brick Partners (NYSE:GRBK) 和 Kyndryl Holdings (NYSE:KD)。

However, Einhorn also disclosed in his investor letter that he owns shares of serial Bitcoin acquirer MicroStrategy (NASDAQ:MSTR).

然而，艾因霍恩也在他的投資者信中透露，他擁有比特幣連續收購者 MicroStrategy（納斯達克股票代碼：MSTR）的股票。

Is BTC a Buy?

比特幣值得買入嗎？

Most Wall Street firms don't offer ratings or price targets on Bitcoin, so we'll look at the cryptocurrency's three-month performance instead. As one can see in the chart below, the price of BTC has risen 54.11% in the last 12 weeks.

大多數華爾街公司不提供比特幣的評級或價格目標，因此我們將關注該加密貨幣的三個月表現。如下圖所示，過去 12 週內 BTC 的價格上漲了 54.11%。