著名的比特币评论家彼得·希夫（Peter Schiff）向加密投资者发出警告，特别针对MicroStrategy及其首席执行官Michael Saylor

著名的经济学家和长期比特币评论家彼得·希夫（Peter Schiff）再次向加密货币投资者发出警告，特别呼吁Microstrategy及其首席执行官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.

著名的经济学家和长期比特币评论家彼得·希夫（Peter Schiff）再次向加密货币投资者发出警告，这次是针对MicroStrategy及其首席执行官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.

在最近关于X的帖子（以前称为Twitter）的一篇文章中，Schiff将注意力集中在Microstrategy对比特币的无情追求上，这项努力使该公司借了资金来增加其加密货币持有。但是，Schiff认为，Saylor的战略不仅给Microstrategy的股东带来了巨大的风险，而且对更广泛的市场也带来了巨大的风险。

“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.

“不要被图表上图表。$ MST的股票下降了，因为$ BTC降低了。由于市场拒绝市场，BTC却倒闭了。如果市场下降了更多，MSTR股票将下降更多，并且将使BTC带来BTC，” Schiff警告说。

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.

比特币面临着另一场波动性的评论，最近在24小时内下降了5％以上。有了技术指标，表明加密货币处于看跌阶段，如果卖方保持控制权，可能会进一步下降。

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多年来一直是比特币的声音批评者，坚持认为硬币是投机性的资产，没有内在价值。他还对加密货币表示怀疑，认为它们在很大程度上是欺诈的工具。

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）是一位著名的比特币公牛，一直是机构采用加密货币的强有力的拥护者。在Saylor的领导下，MicroStrategy已成为最大的机构比特币持有人之一，只要有机会出现，就不断购买更多。

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，随着两者之间的紧密相关，这种策略也使MicroStrategy的股价容易受到比特币市场的影响。最近，在比特币的价格急剧下降之后，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.

这种相关性成为席夫（Schiff）的重点，后者将其视为明显的证据表明，MicroStrategy的策略是有缺陷和不可持续的。根据经济学家的说法，该软件公司的股票价格曾经是基于公司的绩效和前景。但是现在，随着公司的整个战略围绕比特币，该股票与加密货币一致。

“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说：“当比特币掉落时，MicroStrategy股票遵循诉讼，反之亦然。这是灾难的秘诀，尤其是当我们进入市场低迷时。”

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.

这位经济学家继续批评MicroStrategy使用借来的资金购买比特币，称这种策略是鲁ck的，并使该公司高度曝光。他还指出，MicroStrategy计划出售可转换债券以筹集更多资金，他认为这将进一步贬值公司的股票。

“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补充说：“他们现在打算出售可转换债券以筹集更多的资金，以便他们可以购买更多的比特币。但是，他们出售的债券越多，股票价格就越低，而他们将不得不出售越多，以弥补股票价格下跌。”

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面临着投资者恢复其核心业务并开始产生利润的压力越来越大的时候发出的。该公司现在已经亏损了几个季度，其股价从历史最高的高点下降了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.

同时，包括塞勒在内的许多比特币支持者都认为，从长远来看，短期价格波动是无关紧要的。他们认为，比特币仍处于收养的早期阶段，最终将成为价值的主流商店，类似于黄金。

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，席夫强烈不同意，认为比特币缺乏可靠的长期资产所需的基本特征。他认为，比特币是一项金字塔计划，最终将崩溃，使投资者遭受巨大的损失。