Peter Schiff Challenges Bitcoin's $100K Prediction As Crypto-Linked Stocks Languish In Bear Zone: 'Sell Your Fool's Gold And Buy The Real Thing'
Peter Schiff Challenges Bitcoin's $100K Prediction As Crypto-Linked Stocks Languish In Bear Zone: 'Sell Your Fool's Gold And Buy The Real Thing'
Bitcoin (CRYPTO: BTC), although recovering from Saturday's lows, settled in the red on Monday, as it pulled back below the $63,500 mark. Amid the volatility, economist and crypto skeptic Peter Schiff expressed skepticism regarding the apex crypto blasting off in line with predictions by some bulls.
比特幣（加密貨幣：BTC）雖然從週六的低點回升，但週一收於虧損，跌破63,500美元大關。在波動中，經濟學家和加密貨幣懷疑論者彼得·希夫對頂點加密貨幣的爆發表示懷疑，這與一些多頭的預測一致。
What Happened: "If #BitcoinETFs are really going to send #Bitcoin to $100K or higher, why are all the Bitcoin-related equities in bear markets?" he said in a post on X, formerly Twitter. A financial asset is said to be in a bear market if it falls more than 20% from a recent high.
發生了什麼：“如果 #BitcoinETFs 真的要讓 #Bitcoin 升至 10 萬美元或更高，爲什麼所有與比特幣相關的股票都進入熊市？”他在X（前身爲推特）上的一篇文章中說。如果金融資產從近期高點下跌20％以上，則稱其處於熊市中。
Schiff highlighted the down move in the following crypto-linked stocks.
希夫強調了以下與加密相關的股票的下跌走勢。
- Cryptocurrency exchange Coinbase Global, Inc. (NASDAQ:COIN): down 21% [from March 27]
- Crypto-specific venture capital investment firm Galaxy Digital Holdings Ltd. (OTC:BRPHF): down 26% [from March 26]
- MicroStrategy, Inc. (NASDAQ:MSTR), which has substantial holdings of Bitcoin: down 33% [from March 27]
- Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI): down 41% [from Dec. 27]
- Bitcoin miners Marathon Digital Holdings, Inc. (NASDAQ:MARA) (down 55% from Dec. end), Bitfarms Ltd. (NASDAQ:BITF) (down 56% from Feb. 27) and HIVE Digital Technologies Ltd. (NASDAQ:HIVE) (down over 50% from Dec. 27)
- 加密貨幣交易所Coinbase Global, Inc.（納斯達克股票代碼：COIN）：[自3月27日起] 下跌21％
- 加密貨幣專用風險投資公司銀河數字控股有限公司（場外交易代碼：BRPHF）：[自3月26日起] 下跌26％
- 持有大量比特幣的微策略公司（納斯達克股票代碼：MSTR）：[較3月27日下跌33％]
- Valkyrie 比特幣礦業ETF（納斯達克股票代碼：WGMI）：下跌41％ [自12月27日起]
- 比特幣礦商馬拉松數字控股有限公司（納斯達克股票代碼：MARA）（較12月底下跌55％）、Bitfarms Ltd.（納斯達克股票代碼：BITF）（較2月27日下跌56％）和HIVE數字技術有限公司（納斯達克股票代碼：HIVE）（較12月27日下跌50％以上）
As opposed to Schiff's projection of the downtrend as a crypto-specific weakness, the broader market has been on a steep pullback since the start of April. The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the broader S&P 500 Index, has shed about 3.6% amid worries concerning the unlikelihood of the Federal Reserve cutting rates amid stubbornly elevated inflation.
與希夫預測的下跌趨勢是加密貨幣特有的疲軟相反，自4月初以來，整個市場一直在急劇回調。追蹤更廣泛的標準普爾500指數的交易所交易基金SPDR標普500指數信託基金（紐約證券交易所代碼：SPY）已下跌約3.6％，原因是擔心聯儲局在通貨膨脹率居高不下的情況下不可能降息。
Not A Safe Haven: Investors who bought the new Bitcoin ETFs now realize that they bought a bill of goods, Schiff said in a separate post. "They now know that #Bitcoin isn't the safe haven, store of value it was promoted to be," he said, adding that "surprised investors will likely sell, either to cut their losses or book gains and move on."
不是避風港：希夫在另一篇文章中說，購買新比特幣ETF的投資者現在意識到他們購買了商品清單。他說：“他們現在知道 #Bitcoin 不是它所宣傳的避風港和價值儲存手段，” 他補充說，“出人意料的投資者可能會賣出，要麼是爲了減少損失，要麼是爲了記入收益然後繼續前進。”
In terms of gold, Bitcoin traded below 27 ounces of gold, Schiff noted. The apex crypto is now down over 27% since hitting a record high of 37 ounces of gold two and half years ago, he said. "Given all the hype about #Bitcoin and lack of coverage of #gold, few likely realize Bitcoin is in a stealth bear market when priced in real money," he added.
希夫指出，在黃金方面，比特幣的交易價格低於27盎司的黃金。他說，自兩年半前創下37盎司黃金的歷史新高以來，頂級加密貨幣現在已經下跌了27％以上。他補充說：“鑑於所有關於 #Bitcoin 的炒作以及對 #gold 的報道不足，很少有人可能意識到以真實貨幣定價的比特幣處於隱身熊市中。”
Bitcoin ETF buyers, who think the king crypto is a "digital version" of gold should take note that SPDR Gold Shares (NYSE:GLD), an ETF tracking the performance of physical gold or gold bullion, rose nearly 2% on Monday before settling at a record high, he said. On the other hand, Bitcoin ETFs were down about 5%, he added.
他說，認爲國王加密貨幣是黃金的 “數字版本” 的比特幣ETF買家應該注意，追蹤實物黃金或金條表現的ETFSPDR Gold Shares（紐約證券交易所代碼：GLD）週一上漲了近2％，然後創下歷史新高。另一方面，他補充說，比特幣ETF下跌了約5％。
"Maybe your thesis is wrong and you should sell your fool's gold and buy the real thing," Schiff said.
希夫說：“也許你的論點是錯誤的，你應該賣掉傻瓜的黃金，買入真實的東西。”
At last check, Bitcoin (CRYPTO: BTC) fell over 4.50% to $63,483.18, according to Benzinga Pro data.
根據Benzinga Pro的數據，在最後一次檢查中，比特幣（加密貨幣：BTC）下跌了4.50％以上，至63,483.18美元。
Image by yuRomanovich on Shutterstock
圖片由尤羅曼諾維奇在 Shutterstock 上拍攝
譯文內容由第三人軟體翻譯。