Peter Schiff 强调了 MicroStrategy 比特币 (BTC) 疯狂积累所涉及的风险

尽管 MicroStrategy 等一些机构投资者正在利用加密货币市场的看涨情绪来增加他们的比特币 (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.

机构投资者因其大规模购买加密货币而再次成为头条新闻。虽然有些人庆祝这一趋势，但彼得·希夫等其他人很快指出了潜在的风险。

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，商业智能和软件公司 MicroStrategy 宣布购买 27,200 个比特币单位，价值约 20.3 亿美元现金。此消息引发热议并引发不同观点。

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 以对比特币的批评立场而闻名，他强调 MicroStrategy 借钱并发行股票来收购 BTC。 Schiff 表示，此举可能会推高比特币的价格，进而引发 MSTR 股票价格的上涨。

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?"

这位比特币评论家接着表示，这种趋势将促使该公司借更多的钱并重复这个循环，他将其描述为“清洗、冲洗、重复”循环。希夫以一个问题结束了他的 X 帖子：“可能会出现什么问题？”

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.

在后续帖子中，希夫将他的负面预测基于比特币即将下跌。从长远来看，他认为，当比特币崩盘时，购买 MSTR 可转换优先票据的投资者注定会蒙羞。和往常一样，他的许多听众都认为他是在虚张声势。

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 建议 Schiff 使用他的一些不可替代代币（NFT）资金来购买比特币。值得注意的是，这位评论家曾经推出过一个 NFT 系列，甚至用比特币收取付款。

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 收购使该公司收购的每个 BTC 的平均价格估计达到 74,463 美元，其中包括费用和开支。这家由 Michael Saylor 领导的公司在 2024 年 10 月 31 日至 2024 年 11 月 10 日期间使用发行和出售股票的收益收购了 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 总共持有 279,420 BTC。截至发稿时，BTC价格为89,429.15美元，24小时内上涨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.

根据 MicroStrategy 2020 年的 BTC 购买情况，目前总价值约为 119 亿美元，平均购买价格约为 42,692 美元。以目前 86,819.41 美元的价格计算，MicroStrategy 持有的 BTC 价值为 242.6 亿美元，这表明其持续购买比特币的利润超过 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.

凭借如此成功的业绩记录，MicroStrategy 很可能在可预见的未来继续这种 BTC 积累热潮。事实上，这一策略激发了 Metaplanet 投资该代币的灵感。

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.

现在，回到希夫的问题。通过询问可能会出现什么问题，希夫很可能预计比特币有一天会跌至 0 美元。那一天会到来吗？没有人能肯定地说，但比特币评论家也预测到了这一结果。

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，目前的现实是，比特币正在飙升，甚至从机构投资者那里也获得了更多的关注。这可能会促使一些投资者考虑希夫的看法，并最终将利润撤出市场。

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.

如果他们拒绝出售，持有者可能会幸运地在未来几天获得更多收益。上周，BTC 的“盈利与亏损地址百分比”图表显示，当时几乎所有地址都盈利。这种硬币的前景很少见，并且历史上与当地市场顶部相关。如果比特币维持近期的涨势，这种情况可能还会再次发生。