希夫有缺陷的比特币 ETF 评论：批判性检验

经常对比特币表示怀疑的著名经济分析师彼得·希夫(Peter Schiff)对比特币相关股票的稳定性表示了担忧。希夫指出，尽管人们对比特币的价格做出了看涨的预测，但一些与比特币相关的股票却出现了大幅下跌，人们对这些预测的有效性提出了质疑。他还批评比特币作为“数字黄金”的概念，指出它缺乏实物黄金的稳定性和性能，而实物黄金最近创下了历史新高。

Peter Schiff's Misguided Commentary on Bitcoin ETF Impact: A Critical Analysis

Peter Schiff 对比特币 ETF 影响的误导性评论：批判性分析

In a recent series of tweets, outspoken gold advocate Peter Schiff has once again attempted to cast doubt on the stability of Bitcoin (BTC) and its associated stock assets. However, Schiff's arguments, as usual, are based on a selective interpretation of data and a fundamental misunderstanding of the cryptocurrency market.

在最近的一系列推文中，直言不讳的黄金倡导者 Peter Schiff 再次试图对比特币（BTC）及其相关股票资产的稳定性提出质疑。然而，希夫的论点与往常一样，是基于对数据的选择性解释以及对加密货币市场的根本误解。

Schiff initially questions the validity of Bitcoin spot exchange-traded funds (ETFs) in driving Bitcoin's price higher. He cites the recent decline in the stock prices of companies heavily invested in cryptocurrencies and blockchain technology as evidence that the market is not as bullish as proponents claim.

希夫最初质疑比特币现货交易所交易基金（ETF）在推高比特币价格方面的有效性。他引用最近大量投资于加密货币和区块链技术的公司股价下跌作为证据，表明市场并不像支持者声称的那样乐观。

However, Schiff's analysis ignores the broader context of the recent market correction, which has affected not only crypto-related equities but also stocks across various sectors. The ongoing geopolitical tensions between Israel and Iran and the lingering effects of the COVID-19 pandemic have created a volatile environment for all investments.

然而，希夫的分析忽略了近期市场调整的更广泛背景，这不仅影响了与加密货币相关的股票，还影响了各个行业的股票。以色列和伊朗之间持续的地缘政治紧张局势以及 COVID-19 大流行的挥之不去的影响为所有投资创造了一个不稳定的环境。

Moreover, Schiff's comparison of Bitcoin ETF prices to the price of gold is flawed. Gold is a traditional safe-haven asset that has historically performed well during periods of economic uncertainty. Bitcoin, on the other hand, is a relatively new and volatile asset that has yet to establish its long-term performance trajectory.

此外，希夫将比特币 ETF 价格与黄金价格进行比较是有缺陷的。黄金是一种传统的避险资产，历来在经济不确定时期表现良好。另一方面，比特币是一种相对较新且波动较大的资产，尚未建立其长期表现轨迹。

Schiff's dismissal of Bitcoin as "fool's gold" is equally dismissive and ignores the significant technological advancements and growing institutional adoption that have characterized the cryptocurrency industry in recent years. Bitcoin's underlying blockchain infrastructure has proven to be secure and resilient, and its finite supply has made it attractive to investors seeking a hedge against inflation.

希夫将比特币斥为“愚人金”同样不屑一顾，并且忽视了近年来加密货币行业的显着技术进步和不断增长的机构采用。比特币的底层区块链基础设施已被证明是安全和有弹性的，其有限的供应使其对寻求对冲通胀的投资者具有吸引力。

Schiff's claim that Bitcoin spot ETFs will lead to a sell-off and potential bankruptcy for MicroStrategy, a major holder of Bitcoin, is also unfounded. While Bitcoin's price has experienced volatility, it has repeatedly rebounded from previous downturns. Moreover, MicroStrategy has a strong balance sheet and has consistently maintained its faith in Bitcoin's long-term potential.

Schiff 声称比特币现货 ETF 将导致比特币主要持有者 MicroStrategy 遭到抛售并可能破产，这一说法也是毫无根据的。虽然比特币的价格经历了波动，但它多次从之前的低迷中反弹。此外，MicroStrategy 拥有强大的资产负债表，并始终保持对比特币长期潜力的信心。

The timing of Schiff's comments is also notable. His tweets coincide with a period of consolidation in the Bitcoin market following a recent rally. Such periods of consolidation are common in financial markets and should not be interpreted as a sign of weakness.

希夫发表评论的时机也值得注意。他的推文恰逢比特币市场近期反弹后的盘整期。这种盘整期在金融市场中很常见，不应被解读为疲软的迹象。

It is clear that Schiff's views on Bitcoin are driven by his personal bias towards gold. However, his selective interpretation of data and his fundamental misunderstanding of the cryptocurrency market render his arguments unconvincing.

显然，希夫对比特币的看法是由他个人对黄金的偏见所驱动的。然而，他对数据的选择性解读以及对加密货币市场的根本误解使得他的论点缺乏说服力。

The recent correction in the crypto market is a reminder of the inherent volatility of all investments. However, it is important to distinguish between short-term fluctuations and the long-term potential of an asset class. Bitcoin has consistently proven its resilience and innovation, and its underlying technology continues to drive significant interest from both retail and institutional investors.

最近加密货币市场的调整提醒人们所有投资都具有固有的波动性。然而，区分资产类别的短期波动和长期潜力非常重要。比特币不断证明了其弹性和创新性，其基础技术继续引起散户和机构投资者的浓厚兴趣。