著名的比特幣評論家彼得·希夫（Peter Schiff）向加密投資者發出警告，特別針對MicroStrategy及其首席執行官Michael Saylor

著名的經濟學家和長期比特幣評論家彼得·希夫（Peter Schiff）再次向加密貨幣投資者發出警告，特別呼籲Microstrategy及其首席執行官Michael Saylor

Renowned economist and long-time Bitcoin critic Peter Schiff has once again issued a warning to cryptocurrency investors, this time taking aim at MicroStrategy and its CEO, Michael Saylor.

著名的經濟學家和長期比特幣評論家彼得·希夫（Peter Schiff）再次向加密貨幣投資者發出警告，這次是針對MicroStrategy及其首席執行官Michael Saylor的。

In a recent post on X, formerly known as Twitter, Schiff focused his attention on MicroStrategy’s relentless pursuit of Bitcoin, an endeavor that has seen the company borrow funds to increase its cryptocurrency holdings. However, Schiff believes that Saylor’s strategy poses a massive risk not only to MicroStrategy’s shareholders but to the broader market as well.

在最近關於X的帖子（以前稱為Twitter）的一篇文章中，Schiff將注意力集中在Microstrategy對比特幣的無情追求上，這項努力使該公司借了資金來增加其加密貨幣持有。但是，Schiff認為，Saylor的戰略不僅給Microstrategy的股東帶來了巨大的風險，而且對更廣泛的市場也帶來了巨大的風險。

“Don’t be fooled by the chart. $MSTR stock is down because $BTC is down. And BTC is down because the market is turning down. If the market goes down more, MSTR stock will go down more, and it will take BTC with it,” Schiff warned.

“不要被圖表上圖表。$ MST的股票下降了，因為$ BTC降低了。由於市場拒絕市場，BTC卻倒閉了。如果市場下降了更多，MSTR股票將下降更多，並且將使BTC帶來BTC，” Schiff警告說。

His comments come as Bitcoin faces another bout of volatility, having recently dipped by over 5% within 24 hours. With technical indicators suggesting that the cryptocurrency is in a bearish phase, further declines could occur if sellers maintain control.

比特幣面臨著另一場波動性的評論，最近在24小時內下降了5％以上。有了技術指標，表明加密貨幣處於看跌階段，如果賣方保持控制權，可能會進一步下降。

Schiff has been a vocal critic of Bitcoin for years, consistently maintaining that the coin is a speculative asset with no intrinsic value. He has also expressed skepticism over cryptocurrencies in general, arguing that they are largely a vehicle for fraud.

Schiff多年來一直是比特幣的聲音批評者，堅持認為硬幣是投機性的資產，沒有內在價值。他還對加密貨幣表示懷疑，認為它們在很大程度上是欺詐的工具。

In contrast, Saylor is a well-known Bitcoin bull who has been a strong advocate for institutional adoption of the cryptocurrency. Under Saylor’s leadership, MicroStrategy has become one of the biggest institutional Bitcoin holders, continuously buying more whenever the opportunity arises.

相比之下，塞勒（Saylor）是一位著名的比特幣公牛，一直是機構採用加密貨幣的強有力的擁護者。在Saylor的領導下，MicroStrategy已成為最大的機構比特幣持有人之一，只要有機會出現，就不斷購買更多。

However, this strategy has also left MicroStrategy’s stock price vulnerable to Bitcoin’s market movements, as the two have become closely correlated. Recently, MicroStrategy’s shares tumbled nearly 10% following a sharp decline in Bitcoin’s price.

但是，隨著兩者之間的緊密相關，這種策略也使MicroStrategy的股價容易受到比特幣市場的影響。最近，在比特幣的價格急劇下降之後，Microstrategy的股票跌倒了近10％。

This correlation became a key focus for Schiff, who sees it as clear proof that MicroStrategy’s strategy is flawed and unsustainable. According to the economist, the software company’s stock price used to be based on the company’s performance and prospects. But now, with the company’s entire strategy revolving around Bitcoin, the stock is moving in tandem with the cryptocurrency.

這種相關性成為席夫（Schiff）的重點，後者將其視為明顯的證據表明，MicroStrategy的策略是有缺陷和不可持續的。根據經濟學家的說法，該軟件公司的股票價格曾經是基於公司的績效和前景。但是現在，隨著公司的整個戰略圍繞比特幣，該股票與加密貨幣一致。

“When Bitcoin goes down, MicroStrategy stock follows suit, and vice versa. This is a recipe for disaster, especially as we head into a market downturn,” said Schiff.

Schiff說：“當比特幣掉落時，MicroStrategy股票遵循訴訟，反之亦然。這是災難的秘訣，尤其是當我們進入市場低迷時。”

The economist went on to criticize MicroStrategy for using borrowed funds to buy Bitcoin, saying that this strategy is reckless and leaves the company highly exposed. He also noted that MicroStrategy is planning to sell convertible bonds to raise more funds, which he believes will further devalue the company’s stock.

這位經濟學家繼續批評MicroStrategy使用借來的資金購買比特幣，稱這種策略是魯ck的，並使該公司高度曝光。他還指出，MicroStrategy計劃出售可轉換債券以籌集更多資金，他認為這將進一步貶值公司的股票。

“They are now planning to sell convertible bonds to raise even more money so they can buy more Bitcoin. But the more bonds they sell, the lower the stock price will go, and the more they will have to sell to make up for the stock price decline,” added Schiff.

Schiff補充說：“他們現在打算出售可轉換債券以籌集更多的資金，以便他們可以購買更多的比特幣。但是，他們出售的債券越多，股票價格就越低，而他們將不得不出售越多，以彌補股票價格下跌。”

Schiff’s warnings come at a time when MicroStrategy is facing increasing pressure from investors to return to its core business and begin generating profit. The company has been operating at a loss for several quarters now, and its stock price has plummeted by over 70% from its all-time high.

Schiff的警告是在MicroStrategy面臨著投資者恢復其核心業務並開始產生利潤的壓力越來越大的時候發出的。該公司現在已經虧損了幾個季度，其股價從歷史最高的高點下降了70％以上。

Meanwhile, many Bitcoin proponents, including Saylor, argue that short-term price swings are irrelevant in the long run. They believe that Bitcoin is still in the early stages of adoption and that it will ultimately become a mainstream store of value, similar to gold.

同時，包括塞勒在內的許多比特幣支持者都認為，從長遠來看，短期價格波動是無關緊要的。他們認為，比特幣仍處於收養的早期階段，最終將成為價值的主流商店，類似於黃金。

However, Schiff strongly disagrees, maintaining that Bitcoin lacks the fundamental characteristics needed to be a reliable long-term asset. He believes that Bitcoin is a pyramid scheme that will eventually collapse, leaving investors with huge losses.

但是，席夫強烈不同意，認為比特幣缺乏可靠的長期資產所需的基本特徵。他認為，比特幣是一項金字塔計劃，最終將崩潰，使投資者遭受巨大的損失。