Peter Schiff 強調了 MicroStrategy 比特幣 (BTC) 瘋狂累積所涉及的風險

儘管 MicroStrategy 等一些機構投資者正在利用加密貨幣市場的看漲情緒來增加他們的比特幣 (BTC) 包

Institutional investors are making headlines once again for their massive crypto purchases. While some celebrate this trend, others, like Peter Schiff, are quick to point out potential risks.

機構投資者因其大規模購買加密貨幣而再次成為頭條新聞。雖然有些人慶祝這一趨勢，但彼得希夫等其他人很快就指出了潛在的風險。

On November 11, business intelligence and software company MicroStrategy announced the purchase of 27,200 Bitcoin units, valued at approximately $2.03 billion in cash. This news sparked a wave of discussions and differing perspectives.

11 月 11 日，商業智慧和軟體公司 MicroStrategy 宣布購買 27,200 個比特幣單位，價值約 20.3 億美元現金。此消息引發熱議並引發不同觀點。

Schiff, known for his critical stance on Bitcoin, highlighted that MicroStrategy borrows money and issues shares to acquire BTC. According to Schiff, this move may push the price of Bitcoin up, which could then trigger an increase in the price of MSTR stock.

Schiff 以對比特幣的批評立場而聞名，他強調 MicroStrategy 借錢並發行股票來收購 BTC。 Schiff 表示，此舉可能會推高比特幣的價格，進而引發 MSTR 股票價格的上漲。

The Bitcoin critic went on to say that this trend will push the company to borrow more money and repeat the cycle, which he described as a "Wash, rinse, repeat" cycle. Schiff ended his X post with a question: "What could possibly go wrong?"

這位比特幣評論家接著表示，這種趨勢將促使該公司借更多的錢並重複這個循環，他將其描述為「清洗、沖洗、重複」循環。希夫以一個問題結束了他的 X 帖子：“可能會出現什麼問題？”

In a follow-up post, Schiff based his negative projection on the imminent fall of Bitcoin. To put this in perspective, he thinks investors buying MSTR convertible senior notes are bound for disgrace when Bitcoin crashes. As usual, many of his audience called his bluff.

在後續貼文中，希夫將他的負面預測基於比特幣即將下跌。從長遠來看，他認為，當比特幣崩盤時，購買 MSTR 可轉換優先票據的投資者註定會蒙羞。像往常一樣，他的許多聽眾都認為他是在虛張聲勢。

One Alex Thorn on X advised Schiff to use some of his Non-fungible token (NFT) money to buy Bitcoin. Notably, the critic once launched an NFT series for which he even collected payment in Bitcoin.

X 上的一位 Alex Thorn 建議 Schiff 使用他的一些不可替代代幣（NFT）資金來購買比特幣。值得注意的是，這位評論家曾經推出過一個 NFT 系列，甚至用比特幣收取付款。

This recent MicroStrategy purchase brings the average price of each BTC acquired by the company to an estimated $74,463, inclusive of fees and expenses. The Michael Saylor-led firm acquired the BTC between October 31, 2024, and November 10, 2024, using proceeds from issuing and selling shares.

最近的 MicroStrategy 收購使該公司收購的每個 BTC 的平均價格估計達到 74,463 美元，其中包括費用和開支。這家由 Michael Saylor 領導的公司在 2024 年 10 月 31 日至 2024 年 11 月 10 日期間使用發行和出售股票的收益收購了 BTC。

As of November 10, MicroStrategy held a total of 279,420 BTC. At the time of writing, the BTC price was $89,429.15, up 2.68% in 24 hours.

截至 11 月 10 日，MicroStrategy 總共持有 279,420 BTC。截至發稿時，BTC價格為89,429.15美元，24小時內上漲2.68%。

Based on MicroStrategy's 2020 BTC purchases, the total value now stands at approximately $11.9 billion, with an average purchase price of around $42,692. At the current price of $86,819.41, MicroStrategy's BTC holding is valued at $24.26 billion, indicating a profit of over 100% from its consistent Bitcoin purchases.

根據 MicroStrategy 2020 年的 BTC 購買情況，目前總價值約為 119 億美元，平均購買價格約為 42,692 美元。以目前 86,819.41 美元的價格計算，MicroStrategy 持有的 BTC 價值為 242.6 億美元，這表明其持續購買比特幣的利潤超過 100%。

With such a successful track record, MicroStrategy is likely to continue this BTC accumulation spree for the foreseeable future. In fact, this strategy has inspired Metaplanet to invest in the coin.

憑藉如此成功的業績記錄，MicroStrategy 很可能在可預見的未來繼續這種 BTC 累積熱潮。事實上，這項策略激發了 Metaplanet 投資該代幣的靈感。

Now, back to Schiff's question. By asking what could go wrong, Schiff is likely anticipating the day when Bitcoin tanks to $0. Will that day ever come? No one can say for sure, but the BTC critic has also predicted this outcome.

現在，回到希夫的問題。透過詢問可能會出現什麼問題，希夫很可能會預計比特幣有一天會跌至 0 美元。那一天會到來嗎？沒有人能肯定地說，但比特幣評論家也預測到了這個結果。

However, the present reality is that Bitcoin is surging and gaining more traction even from institutional investors. This might push some investors to consider Schiff's perception and eventually take their profit out of the market.

然而，目前的現實是，比特幣正在飆升，甚至從機構投資者那裡獲得了更多的關注。這可能會促使一些投資者考慮希夫的看法，並最終將利潤撤出市場。

If they refuse to sell, the HODLers may be lucky to grab more gains in the coming days. Last week, the "Percentage of Addresses in Profit vs. Loss" chart for BTC showed that nearly all addresses were profitable at the time. This coin outlook is a rare occurrence and is historically associated with local market tops. This may still happen again if Bitcoin sustains its recent rally.

如果他們拒絕出售，持有者可能會幸運地在未來幾天獲得更多收益。上週，BTC 的「獲利與虧損地址百分比」圖表顯示，當時幾乎所有地址都獲利。這種硬幣的前景很少見，並且歷史上與當地市場頂部相關。如果比特幣維持近期的漲勢，這種情況可能還會再次發生。