彼得·希夫（Peter Schiff）認為，黃金的定價比特幣（BTC）給出了更清晰的市場

一月份，比特幣的歷史最高點約為109,071美元。但是，此後下降了近25％，定居約80,000美元。

Bitcoin hit an all-time high of around $109,071 in January. However, it has since dropped nearly 25%, settling at about $80,000.

一月份，比特幣的歷史最高點約為109,071美元。但是，此後下降了近25％，定居約80,000美元。

The fluctuations in Bitcoin, alongside traditional assets like gold and the S&P 500, highlight the complex nature of today’s financial markets.

比特幣的波動與黃金和標準普爾500指數這樣的傳統資產強調了當今金融市場的複雜性質。

Amidst the uncertainty and volatility, Bitcoin critic Peter Schiff highlighted that while the S&P 500 is only down 4% in 2025, when you measure it in gold, it’s actually down 18%, almost reaching a bear market.

在不確定性和波動性的情況下，比特幣評論家彼得·席夫（Peter Schiff）強調，儘管標準普爾500指數在2025年僅下降4％，而當您以黃金為單位時，它實際上下降了18％，幾乎達到了熊市。

He shared that pricing stocks in gold gives a clearer picture of inflation because gold holds its value over time. Since December 31, 2000, the S&P 500 has lost 60% of its value when priced in gold, which shows a major long-term decline.

他分享說，黃金的定價股票對通貨膨脹有更清晰的了解，因為黃金隨著時間的推移具有價值。自2000年12月31日以來，標準普爾500指數的價值損失了60％的價值，這顯示出長期的大幅下降。

S&P500 is down 4% vs. 2024 in 2025. But it is down 18% vs. Gold, almost reaching bear market territory.

標準普爾500指數在2025年對2024年下降了4％。但它下跌了18％對黃金，幾乎到達了熊市市場。

It is more accurate to price stocks in Gold to measure inflation, as Gold keeps its purchasing power over time. But even in nominal terms, the chart is striking.

用黃金定價庫存以衡量通貨膨脹更為準確，因為黃金會隨著時間的流逝而保持其購買力。但是，即使以名義，圖表也令人震驚。

Since 12/31/2000, the S&P500 has lost 60% of its value when priced in Gold.

自2000年12月31日以來，S＆P500的價值損失了60％的價值。

It is a tale of two markets. The S&P500 has soared to new highs in fiat currency terms, but it has been decimated by inflation when priced in Gold.

這是兩個市場的故事。標準普爾500指數以菲亞特貨幣的方式飆升至新的高點，但價格以黃金的價格被通貨膨脹所削弱。

Gold is still real money. Only central banks use fiat currency. People prefer to be paid in Bitcoin. But you can’t buy anything useful with Bitcoin. You can buy anything useful with Gold. It is the original and best form of payment.

黃金仍然是真錢。只有中央銀行使用法定貨幣。人們更喜歡用比特幣付款。但是您無法購買任何對比特幣有用的東西。您可以購買任何有用的黃金的東西。這是原始付款的原始形式。

Today, it is becoming easier to spend Gold thanks to tokenized Gold.

如今，由於象徵性的黃金，花黃金變得更加容易。

And it is becoming harder to spend Bitcoin as it is becoming less accepted by merchants.

花費比特幣變得越來越困難，因為商人越來越不接受。

But even without being able to spend it, people still prefer to be paid in Bitcoin. They would rather be paid in units of something scarce which is not going down in value.

但是，即使沒有能夠花費它，人們仍然更喜歡用比特幣付款。他們寧願以稀缺的價值不足的單位支付。

Those who are paid in fiat currency are the losers. Their purchasing power is decreasing rapidly.

那些用法定貨幣支付的人是失敗者。他們的購買力正在迅速降低。

Those who are paid in Bitcoin see its value decreasing rapidly, but at least it is increasing in value vs. the U.S. dollar. So they are able to buy more dollars to pay for the increasing prices of the goods and services they need.

那些用比特幣支付的人會看到其價值迅速下降，但至少價值與美元相比。因此，他們能夠購買更多的美元來支付所需商品和服務價格上漲的費用。

But those who are paid in Gold are the only ones who are really winning. They are able to buy anything they want and they will never lose its purchasing power.

但是那些以黃金付款的人是唯一真正獲勝的人。他們能夠購買他們想要的任何東西，並且永遠不會失去其購買力。

An analyst, however, argued that you can’t price things in gold because it’s not commonly used for purchases anymore.

但是，一位分析師認為，您不能以黃金的價格定價，因為它不再用於購買。

To this, Peter Schiff further responded that tokenized gold is now a practical way to spend gold, making it easier to use than Bitcoin.

為此，彼得·希夫（Peter Schiff）進一步回應說，令牌化的黃金現在是一種實用的花費方式，使其比比特幣更容易使用。

Schiff added that gold is still real money. Only central banks use fiat currency.

希夫補充說，黃金仍然是真錢。只有中央銀行使用法定貨幣。

Another X user pointed out that despite Peter measuring stocks in gold for decades, equities continue to hit new highs while gold lags behind Bitcoin, suggesting it might be time for a new benchmark.

另一位X用戶指出，儘管彼得在數十年中衡量了黃金的庫存，但股票繼續撞到新的高點，而黃金落後於比特幣，這表明可能是時候進行新的基準了。

But Peter responded by saying that stocks are not reaching new highs when priced in gold and dismissed Bitcoin as irrelevant.

但是彼得回答說，股票以黃金定價並將比特幣視為無關緊要時沒有達到新的高點。

He further noted that the price of everything is going up as governments destroy the value of fiat currencies by creating inflation.

他進一步指出，隨著政府通過創造通貨膨脹破壞法定貨幣的價值，一切的價格都在上漲。

When asked if he was open to returning to the gold standard, Peter Schiff replied, “Of course.”

當被問及他是否願意返回黃金標準時，彼得·希夫（Peter Schiff）回答說：“當然。”

Furthermore, Schiff also believes that it’s not only possible, but highly probable this year for gold to teach $4,000.

此外，席夫還認為，不僅有可能，而且今年黃金教授4,000美元。

Previously, he pointed out that past bear markets saw significant declines in the Nasdaq, and if it falls 40%, Bitcoin could drop to $20,000 or lower.

以前，他指出，過去的熊市在納斯達克島的大幅下降，如果下跌40％，比特幣可能會降至20,000美元或更低。

Peter Schiff has warned that Bitcoin could face a sharp decline if the Nasdaq enters a bear market. He pointed out that with the Nasdaq already down 12%, if it drops by 20%, Bitcoin could fall to around $65,000.

彼得·希夫（Peter Schiff）警告說，如果納斯達克（Nasdaq）進入熊市，比特幣將面臨急劇下降。他指出，隨著納斯達克的下降12％，如果下降了20％，比特幣可能會降至65,000美元左右。

Gold has hit a new all-time high, rising above $3,025 per ounce with a 15% increase since the start of the year. Meanwhile, Bitcoin (BTC) is down 10% year-to-date.

自年初以來，黃金已經達到了新的歷史最高水平，上升到每盎司3,025美元以上，增長了15％。同時，比特幣（BTC）年僅下降了10％。

Gold’s rally is being driven by strong inflows into gold ETFs and its role as a safe-haven asset amid geopolitical uncertainty.

在地緣政治不確定性和地緣政治不確定性的情況下，黃金的集會是由大量流入黃金ETF的強勁流入及其作為安全資產的作用的驅動。

Discussions of new tariffs in the U.S. under President Trump have also boosted demand for U.S. equities. Over the past year, gold has surged 40%, far outpacing Bitcoin’s 16% gain.

在特朗普總統領導下的美國新關稅的討論也提高了對美國股票的需求。在過去的一年中，黃金飆升了40％，遠遠超過了比特幣的16％收益。