比特幣（BTC）評論家彼得·希夫（Peter Schiff）承認比特幣的“第一個真實用例”

彼得·希夫（Peter Schiff）以支持數字資產的黃金而聞名，他一再表示比特幣沒有效用。

Bitcoin critic Peter Schiff acknowledged what he described as the “first real use case” for Bitcoin. Known for supporting gold over digital assets, Peter Schiff has repeatedly stated that Bitcoin has no utility.

比特幣評論家彼得·希夫（Peter Schiff）承認他所說的比特幣的“第一個真實用例”。彼得·希夫（Peter Schiff）以支持黃金而聞名，彼得·希夫（Peter Schiff）反复說，比特幣沒有效用。

However, in a recent post on X, he pointed to a situation involving investment manager Jim Chanos as an example where Bitcoin may serve a practical role.

但是，在X最近的一篇文章中，他指出了一種涉及投資經理吉姆·瓦諾斯（Jim Chanos）的情況，其中比特幣可以發揮實際作用。

According to an X post, Bitcoin critic Peter Schiff remarked that Bitcoin might finally have a use — though not the one Bitcoin advocates promote. He referred to investor Jim Chanos, who recently disclosed that he purchased Bitcoin to hedge against his short position in MicroStrategy stock (MSTR).

根據X帖子，比特幣評論家彼得·希夫（Peter Schiff）指出，比特幣最終可能有用 - 儘管不是比特幣的擁護者提倡的。他提到了投資者吉姆·瓦諾斯（Jim Chanos），後者最近透露，他購買了比特幣來對沖他在MicroStrategy Stock（MSTR）中的短股份。

Strategy, led by Executive Chairman Michael Saylor, has continued to increase its Bitcoin holdings. The company now owns nearly 570,000 BTC. This has led some market watchers to view MSTR as a proxy for Bitcoin with added corporate risk. Schiff mocked this strategy, stating that Saylor has “accidentally created a real use case for Bitcoin,” where investors use BTC to protect themselves from the risks tied to Saylor’s own firm.

由執行董事長邁克爾·塞勒（Michael Saylor）領導的戰略繼續增加其比特幣持有量。該公司現在擁​​有將近570,000個BTC。這導致一些市場觀察家將MSTR視為具有企業風險的比特幣的代理。席夫嘲笑了這一策略，並指出，塞勒“意外地為比特幣創建了一個真正的用例”，在這種情況下，投資者使用BTC來保護自己免受與Saylor自己的公司相關的風險。

Investment manager Chanos is known for shorting stocks of companies he considers to be overvalued or structurally weak. Like Peter Schiff, he reportedly sees MSTR as overleveraged due to its Bitcoin strategy. By owning Bitcoin while shorting MSTR, Chanos aims to limit his losses in case MicroStrategy's stock price surges.

投資經理Chanos以縮短他認為被高估或結構弱的公司的股票而聞名。據報導，像彼得·希夫（Peter Schiff）一樣，由於其比特幣戰略，他認為MSTR被過度槓桿化。通過在短距離MSTR時擁有比特幣，Chanos的目標是限制他的損失，以防MicroStrategy的股票價格激增。

In an X post, Chanos explained that investors are paying too much for each dollar of Bitcoin exposure through Strategy. According to his statement, MSTR stock is currently trading at a premium that far exceeds the actual value of its Bitcoin holdings.

Chanos在X帖子中解釋說，通過戰略，投資者為每美元的比特幣敞口支付過多。根據他的聲明，MST股票目前的溢價遠遠超過了其比特幣持有的實際價值。

“Investors are paying $3 of stock price to gain $1 of Bitcoin exposure,” argued Chanos.

Chanos說：“投資者支付3美元的股票價格，以獲取1美元的比特幣風險。”

Chanos’s hedge strategy implies that while MSTR’s stock may fall due to overvaluation, the Bitcoin he holds could cushion those Ben Simmons limited his losses in case the stock price goes down further.

Chanos的對沖策略意味著，儘管MSTR的股票可能因高估而下降，但他持有的比特幣可能會緩衝那些本·西蒙斯（Ben Simmons）的損失，以防股價進一步下降。

Strategy has also faced criticism for borrowing funds to buy Bitcoin. The company recently added 13,390 BTC for approximately $1.34 billion. Bitcoin critic Peter Schiff has voiced these concerns, saying that large BTC price drops could turn paper profits into real financial stress for Strategy.

策略還面臨著借入資金購買比特幣的批評。該公司最近以約13.4億美元的價格增加了13,390 BTC。比特幣評論家彼得·希夫（Peter Schiff）表達了這些擔憂，稱大量BTC的價格下跌可能會使紙利潤變成真正的財務壓力。

Schiff argued that Strategy is no longer operating as a software company but as a Bitcoin-holding entity. He questioned the logic behind buying shares of a company whose main business activity is acquiring Bitcoin, rather than investing directly in Bitcoin or in companies with actual operating revenues.

席夫認為，策略不再是一家軟件公司，而是作為比特幣持有的實體。他質疑購買一家公司的股票背後的邏輯，該公司的主要業務活動是收購比特幣，而不是直接投資於比特幣或具有實際運營收入的公司。

"If you want to buy Bitcoin, then buy Bitcoin. If you want to invest in the stock market, buy a company with an actual business," said Schiff.

Schiff說：“如果您想購買比特幣，然後購買比特幣。如果您想投資股票市場，請購買一家擁有實際業務的公司。”

However, Pro-XRP lawyer John E. Denton, III has praised Michael Saylor comparing his long-term Bitcoin strategy to that of Warren Buffett’s investment approach with Berkshire Hathaway. He stated that Saylor may be aiming to control up to 5% of the total Bitcoin supply in circulation despite the mockery.

但是，III的Pro-XRP律師John E. Denton讚揚了Michael Saylor將他的長期比特幣戰略與沃倫·巴菲特（Warren Buffett）的投資方法與伯克希爾·哈撒韋（Berkshire Hathaway）進行了比較。他說，儘管受到嘲弄，但塞勒可能的目標是控制流通總比特幣供應的5％。

"They mock Michael Saylor for buying more Bitcoin & how he’s going to fund it. But no one can find fault with his goal: To become the largest Bitcoin holder & a top shareholder in the company.

“他們嘲笑邁克爾·塞勒（Michael Saylor）購買更多比特幣以及他將如何為其提供資金。但是，沒有人能找到自己的目標：成為公司最大的比特幣持有人和最高股東。

They’ll be saying ‘I wish I had 1% of Saylor’s Bitcoin's when Saylor hits 5%.”

他們會說：“我希望我有1％的塞勒比特幣的比特幣達到5％。”

MicroStrategy (MSTR) stock has gained nearly 40% in 2023, which may reflect Bitcoin’s upward trend. However, Peter Schiff argues that this growth is more linked to Bitcoin price movements than to the company’s core business performance. This sparks concerns about the stock’s sustainability if Bitcoin enters a correction phase.

MicroStrategy（MSTR）股票在2023年上漲了近40％，這可能反映了比特幣的上升趨勢。但是，彼得·席夫（Peter Schiff）認為，這種增長與比特幣價格變動相比，與公司的核心業務績效有關。如果比特幣進入更正階段，這引起了人們對股票可持續性的關注。

Recently, Metaplanet and Twenty One Shares, a company backed by Tether, have reportedly placed significant orders for more units of MicroStrategy stock. These fresh purchases are part of a broader strategy by several firms to capitalize on what they see as an undervalued opportunity in the market.

最近，據報導，Metaplanet和Tether的二十一股股票已下達了更多單位MicroStrategy股票的訂單。這些新鮮購買是幾家公司的更廣泛戰略的一部分，以利用他們認為在市場上被低估的機會。