彼得·希夫（Peter Schiff）對比特幣的批評加倍，稱其為“主要熊市”

著名的黃金倡導者和長期的比特幣評論家彼得·席夫（Peter Schiff）在他最近的一份聲明中對比特幣發表了重大評論。

Prominent gold advocate and long-time Bitcoin critic Peter Schiff has made a major comment about Bitcoin in one of his recent statements.

著名的黃金倡導者和長期的比特幣評論家彼得·希夫（Peter Schiff）在他最近的一份聲明中對比特幣發表了重大評論。

The outspoken critic of the flagship cryptocurrency claimed that Bitcoin is in a “major bear market,” highlighting its performance against gold since its November 2021 peak.

旗艦加密貨幣的直言不諱的批評家聲稱，比特幣處於“主要熊市”狀態，自2021年11月的高峰以來，它強調了其對黃金的表現。

Peter Schiff Says Bitcoin Lost 30% Value Priced in Gold

彼得·希夫（Peter Schiff）說，比特幣損失了30％的價值

In a recent tweet, Schiff highlighted that despite several developments that should have been positive for Bitcoin’s price, the cryptocurrency has lost significant value when measured against gold.

Schiff在最近的一條推文中強調說，儘管有幾個進展應該對比特幣的價格是積極的，但是當針對黃金衡量時，加密貨幣的價值卻失去了顯著價值。

“Since its peak price in November of 2021, despite all the ETFs, massive leveraged buying by $MSTR, the election of the first Bitcoin president, and the creation of a Bitcoin Strategic Reserve, Bitcoin has lost 30% of its value priced in gold,” Schiff stated.

Schiff說：“儘管有所有ETF，儘管所有ETF，但MSTR的大量槓桿購買，第一位比特幣總統的選舉以及創建比特幣戰略儲備，比特幣損失了其價值的30％，其價值的30％。”

Since its peak price in November of 2021, despite all the ETFs, massive leveraged buying by $MSTR, the election of the first Bitcoin president, and the creation of a Bitcoin Strategic Reserve, Bitcoin has lost 30% of its value priced in gold. Bitcoin is in a major bear market.

自2021年11月的高峰價格以來，儘管所有ETF，$ MSTR的大量槓桿購買，第一位比特幣總裁的選舉以及創建比特幣戰略儲備，比特幣損失了其價值的30％。比特幣處於主要熊市。

— Peter Schiff (@PeterSchiff) April 11, 2025

- 2025年4月11日

Schiff’s comments come as Strategy’s recent Bitcoin acquisitions have fallen into the red. Saylor had also raised $722 million in March to accelerate his Bitcoin bet.

席夫（Schiff）的評論發表在戰略最近的比特幣收購中。塞勒（Saylor）還在三月份籌集了7.22億美元，以加速他的比特幣下注。

According to data from Saylortracker, the company’s purchases made on March 31, March 24, February 24, and February 10, 2025, are all currently showing losses ranging from 2.2% to 15.44%. Only their March 17 purchase of 130 BTC shows a modest 0.43% gain.

根據Saylortracker的數據，該公司於3月31日，2月24日和2025年2月10日進行的購買，目前顯示的損失範圍為2.2％至15.44％。只有他們3月17日購買130 BTC的收益顯示出0.43％的增益。

Schiff’s critique centers on challenging the popular “digital gold” narrative that has been used to promote Bitcoin as a store of value similar to physical gold. According to Schiff, Bitcoin’s underperformance against gold over the past several years contradicts this positioning.

席夫（Schiff）的批評集中在挑戰流行的“數字黃金”敘事中，該敘述被用來推廣比特幣，作為類似於實物黃金的價值存儲。根據席夫（Schiff）的說法，比特幣在過去幾年中對黃金的表現不佳與這種位置相矛盾。

In an earlier tweet, Schiff directly attacked this comparison: “Bitcoin is crashing harder than stocks, yet people still call it ‘digital gold.’ But if it were truly digital gold, wouldn’t it act more like gold?” He further characterized Bitcoin as behaving like a high-risk asset, just like penny stocks, rather than a stable store of value.

在較早的推文中，希夫直接攻擊了這一比較：“比特幣比股票更難崩潰，但人們仍然稱其為“數字黃金”。但是，如果它確實是數字黃金，它會更像黃金嗎？”他進一步將比特幣表徵為像高風險的資產一樣，就像一分錢股票一樣，而不是穩定的價值存儲。

The gold advocate’s argument is strengthened by data showing MicroStrategy’s recent Bitcoin purchases are now underwater. Their largest recent acquisition of 22,048 BTC at an average price of $86,969 on March 31, 2025, has lost over $97 million in value, representing a 5.08% decline. Similarly, their February 24 purchase of 20,356 BTC at $97,514 is down 15.44%, resulting in a loss exceeding $307 million.

通過數據表明，微觀策略最近購買的比特幣採購現在已經在水下來加強黃金倡導者的論點。他們最近最大的收購為22,048 BTC，平均價格為2025年3月31日的86,969美元，價值損失了超過9700萬美元，下降了5.08％。同樣，他們2月24日以97,514美元的價格購買了20,356 BTC，下降了15.44％，損失超過3.07億美元。

Schiff questions the rationale behind including such a volatile asset in strategic reserves, stating that this narrative “is crumbling fast” as Bitcoin fails to demonstrate the stability expected from a gold-like asset.

席夫（Schiff）質疑背後的基本原理包括在戰略儲備中包括這種波動的資產，並指出，由於比特幣未能證明像黃金般的資產預期的穩定性，這種敘述“正在迅速崩潰”。

Strategy’s Recent Bitcoin Acquisitions Show Significant Losses

策略最近的比特幣採集顯示出巨大的損失

This was not the first time Peter Schiff criticized Strategy. Earlier in March, Schiff criticized Strategy’s Bitcoin strategy amidst the Bitcoin crash.

這不是彼得·希夫（Peter Schiff）第一次批評戰略。 3月初，希夫批評了比特幣崩潰中策略的比特幣戰略。

Strategy led by Bitcoin advocate Michael Saylor has continued his aggressive Bitcoin accumulation strategy throughout 2025. However, recent purchases are now showing negative returns.

由比特幣倡導者邁克爾·塞勒（Michael Saylor）領導的策略一直在2025年繼續他的積極的比特幣積累策略。但是，最近的購買現已顯示出負面的回報。

According to the figures, Strategy’s largest recent Bitcoin purchase occurred on March 31, 2025, when the company acquired 22,048 BTC at an average price of $86,969 per coin. This was a total investment of $1.92 billion. At current prices, this investment has declined in value by $97,469,326.40, or 5.08%.

根據該數據，戰略最大的最近購買比特幣的購買發生在2025年3月31日，當時該公司以每枚硬幣為86,969美元的平均價格收購了22,048 BTC。這是一筆19.2億美元的投資。以目前的價格，這項投資的價值下降了97,469,326.40美元，即5.08％。

The company’s February purchases have fared even worse. The February 24 acquisition of 20,356 BTC at $97,514 per coin has lost 15.44% of its value, translating to a paper loss of $307,333,345.80. Similarly, the February 10 purchase of 7,633 BTC at $97,255 is down 15.01%, or $111,441,335.65.

公司2月的購買情況甚至更糟。 2月24日以每枚硬幣97,514美元的價格收購20,356 BTC的收購損失了其價值的15.44％，轉化為紙質損失307,333,345.80美元。同樣，2月10日以97,255美元的價格購買7,633 BTC的價格下跌了15.01％，即$ 111,441,335.65。

These losses come despite the various positive developments for Bitcoin that Schiff referenced. This includes ETF approvals and institutional adoption.

儘管希夫提到的比特幣有各種積極的發展，但這些損失仍在。這包括ETF批准和機構採用。

Schiff Questions Bitcoin’s Role In Investment Portfolios

Schiff質疑比特幣在投資組合中的作用

Peter Schiff has expanded his criticism beyond Bitcoin’s price performance to question its fundamental role as an investment asset. In

彼得·希夫（Peter Schiff）將批評擴大到比特幣的價格績效之外，以質疑其作為投資資產的基本作用。在