彼得·希夫（Peter Schiff）的比特幣批評對市場風險和內在價值提出了危險信號

彼得希夫（Peter Schiff）最近將比特幣與寵物岩石進行了比較，重新引發了加密貨幣內在價值和市場穩定性的爭論。希夫認為，比特幣缺乏有形用途和現實世界的應用，加上其投機性質，引發了對其長期生存能力的擔憂。儘管比特幣價格飆升，希夫仍對潛在的市場風險發出警告，並對比特幣交易所交易基金（ETF）的可行性提出質疑。

Peter Schiff's Critique of Bitcoin: A Sobering Reminder of Market Risks and Intrinsic Value

彼得希夫對比特幣的批評：對市場風險與內在價值的發人深省的提醒

Introduction

介紹

In the rapidly evolving landscape of digital assets, Peter Schiff, a renowned critic, has once again thrust Bitcoin into the spotlight with his latest critique. Schiff's provocative comparison of Bitcoin to a pet rock has reignited debates about the cryptocurrency's intrinsic value and market stability, igniting a fierce discussion among investors.

在快速發展的數位資產格局中，著名評論家彼得·希夫（Peter Schiff）的最新批評再次將比特幣推向了聚光燈下。希夫將比特幣比作寵物石的挑釁性比較，重新引發了加密貨幣內在價值和市場穩定性的爭論，引發了投資者的激烈討論。

Schiff's Utility Argument

希夫的效用論證

Central to Schiff's critique is the assertion that Bitcoin lacks the utility and practical applications of traditional assets like gold. Unlike gold, which boasts a tangible presence in electronics and jewelry, Bitcoin's value, Schiff argues, is purely speculative, driven by market sentiment rather than inherent worth. He questions whether Bitcoin can truly serve as a viable medium of exchange or a reliable store of value, given its limited real-world utility.

希夫批評的核心是比特幣缺乏黃金等傳統資產的效用和實際應用。希夫認為，與在電子產品和珠寶中實際存在的黃金不同，比特幣的價值純粹是投機性的，由市場情緒而非內在價值驅動。鑑於比特幣在現實世界中的效用有限，他質疑比特幣是否能真正扮演可行的交換媒介或可靠的價值儲存手段。

Market Volatility and Risk

市場波動與風險

Beyond its questionable utility, Schiff warns investors of the significant market risks associated with Bitcoin's recent surge in popularity. Despite its astronomical price gains, Schiff cautions that Bitcoin remains vulnerable to dramatic price corrections, citing historical precedents of extreme volatility. As Bitcoin approaches the $71,000 mark, his warnings serve as a sobering reminder of the inherent risks of digital asset investing, urging prudence and caution.

除了其實用性值得懷疑之外，希夫還警告投資者註意與比特幣近期人氣飆升相關的重大市場風險。儘管比特幣價格出現天文數字般的上漲，但希夫警告稱，比特幣仍然容易受到價格大幅調整的影響，並引用了極端波動的歷史先例。隨著比特幣逼近 71,000 美元大關，他的警告清醒地提醒人們數位資產投資的固有風險，敦促謹慎行事。

Skepticism towards Bitcoin ETFs

對比特幣 ETF 的懷疑

Schiff's skepticism extends to the growing proliferation of Bitcoin exchange-traded funds (ETFs). While ETFs offer a convenient way to gain exposure to Bitcoin, Schiff views them as speculative instruments prone to market manipulation. He expresses concerns about their reliance on speculative investment and potential regulatory scrutiny, questioning their long-term viability and urging investors to prioritize long-term financial stability over short-term gains.

希夫的懷疑延伸到了比特幣交易所交易基金（ETF）的不斷成長。雖然 ETF 提供了一種獲取比特幣的便捷方式，但希夫將其視為容易受到市場操縱的投機工具。他對它們對投機性投資和潛在監管審查的依賴表示擔憂，質疑它們的長期生存能力，並敦促投資者優先考慮長期金融穩定而不是短期收益。

Sustainability of the Cryptocurrency Market

加密貨幣市場的可持續性

Schiff's critique also encompasses broader concerns about the sustainability of the cryptocurrency market as a whole. While Bitcoin has garnered immense attention and investment in recent years, Schiff remains unconvinced of its long-term prospects, questioning its ability to rival traditional assets such as gold and fiat currencies. He cautions that the cryptocurrency market is prone to speculative bubbles and extreme price fluctuations, casting doubt on the long-term viability of Bitcoin as a significant investment class.

希夫的批評也包括對整個加密貨幣市場可持續性的更廣泛擔憂。儘管比特幣近年來獲得了巨大的關注和投資，但希夫仍然對其長期前景不抱信心，質疑其與黃金和法定貨幣等傳統資產競爭的能力。他警告說，加密貨幣市場容易出現投機泡沫和極端價格波動，這讓人對比特幣作為重要投資類別的長期生存能力產生懷疑。

Conclusion

結論

Peter Schiff's critique of Bitcoin's utility and market risks offers a valuable perspective for investors navigating the complex and uncertain world of digital assets. While Bitcoin continues to capture the imagination of investors worldwide, Schiff's warnings serve as a timely reminder of the need for caution and skepticism in the face of market volatility and speculative hype. As investors weigh the potential rewards and risks of investing in Bitcoin and other cryptocurrencies, Schiff's dissenting voice provides a sobering reminder of the complexities and uncertainties inherent in the digital asset market.

彼得希夫對比特幣實用性和市場風險的批評為投資者在複雜且不確定的數位資產世界中導航提供了寶貴的視角。雖然比特幣繼續吸引全球投資者的想像力，但希夫的警告及時提醒人們在面對市場波動和投機炒作時需要保持謹慎和懷疑。當投資者權衡投資比特幣和其他加密貨幣的潛在回報和風險時，希夫的反對聲音清醒地提醒人們數位資產市場固有的複雜性和不確定性。