彼得·希夫（Peter Schiff）认为，黄金的定价比特币（BTC）给出了更清晰的市场

一月份，比特币的历史最高点约为109,071美元。但是，此后下降了近25％，定居约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，比特币的历史最高点约为109,071美元。但是，此后下降了近25％，定居约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.

比特币的波动与黄金和标准普尔500指数这样的传统资产强调了当今金融市场的复杂性质。

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.

在不确定性和波动性的情况下，比特币评论家彼得·席夫（Peter Schiff）强调，尽管标准普尔500指数在2025年仅下降4％，而当您以黄金为单位时，它实际上下降了18％，几乎达到了熊市。

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.

他分享说，黄金的定价股票对通货膨胀有更清晰的了解，因为黄金随着时间的推移具有价值。自2000年12月31日以来，标准普尔500指数的价值损失了60％的价值，这显示出长期的大幅下降。

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

标准普尔500指数在2025年对2024年下降了4％。但它下跌了18％对黄金，几乎到达了熊市市场。

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.

用黄金定价库存以衡量通货膨胀更为准确，因为黄金会随着时间的流逝而保持其购买力。但是，即使以名义，图表也令人震惊。

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

自2000年12月31日以来，S＆P500的价值损失了60％的价值。

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.

这是两个市场的故事。标准普尔500指数以菲亚特货币的方式飙升至新的高点，但价格以黄金的价格被通货膨胀所削弱。

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.

黄金仍然是真钱。只有中央银行使用法定货币。人们更喜欢用比特币付款。但是您无法购买任何对比特币有用的东西。您可以购买任何有用的黄金的东西。这是原始付款的原始形式。

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

如今，由于象征性的黄金，花黄金变得更加容易。

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

花费比特币变得越来越困难，因为商人越来越不接受。

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，即使没有能够花费它，人们仍然更喜欢用比特币付款。他们宁愿以稀缺的价值不足的单位支付。

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

那些用法定货币支付的人是失败者。他们的购买力正在迅速降低。

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.

那些用比特币支付的人会看到其价值迅速下降，但至少价值与美元相比。因此，他们能够购买更多的美元来支付所需商品和服务价格上涨的费用。

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.

但是那些以黄金付款的人是唯一真正获胜的人。他们能够购买他们想要的任何东西，并且永远不会失去其购买力。

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

但是，一位分析师认为，您不能以黄金的价格定价，因为它不再用于购买。

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

为此，彼得·希夫（Peter Schiff）进一步回应说，令牌化的黄金现在是一种实用的花费方式，使其比比特币更容易使用。

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

希夫补充说，黄金仍然是真钱。只有中央银行使用法定货币。

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用户指出，尽管彼得在数十年中衡量了黄金的库存，但股票继续撞到新的高点，而黄金落后于比特币，这表明可能是时候进行新的基准了。

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

但是彼得回答说，股票以黄金定价并将比特币视为无关紧要时没有达到新的高点。

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

他进一步指出，随着政府通过创造通货膨胀破坏法定货币的价值，一切的价格都在上涨。

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

当被问及他是否愿意返回黄金标准时，彼得·希夫（Peter Schiff）回答说：“当然。”

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

此外，席夫还认为，不仅有可能，而且今年黄金教授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，过去的熊市在纳斯达克岛的大幅下降，如果下跌40％，比特币可能会降至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）警告说，如果纳斯达克（Nasdaq）进入熊市，比特币将面临急剧下降。他指出，随着纳斯达克的下降12％，如果下降了20％，比特币可能会降至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.

自年初以来，黄金已经达到了新的历史最高水平，上升到每盎司3,025美元以上，增长了15％。同时，比特币（BTC）年仅下降了10％。

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

在地缘政治不确定性和地缘政治不确定性的情况下，黄金的集会是由大量流入黄金ETF的强劲流入及其作为安全资产的作用的驱动。

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.

在特朗普总统领导下的美国新关税的讨论也提高了对美国股票的需求。在过去的一年中，黄金飙升了40％，远远超过了比特币的16％收益。