懷疑論者 Peter Schiff 警告稱，比特幣下跌引發了對 ETF 的擔憂

在比特幣 (BTC) 回撤至 70,000 美元以下後，黃金倡導者 Peter Schiff 批評現貨比特幣交易所交易基金 (ETF) 投資者的流動性有限。希夫先前曾警告稱，隔夜市場崩盤將導致 ETF 持有者在美國市場開盤前無法出售，造成潛在損失。他預測，如果 BTC 跌破 60,000 美元，就會出現“強大的三重頂”，下行預測為 20,000 美元。

Bitcoin's Pullback Raises Concerns Over Spot ETFs, Prompts Warnings from Skeptic Peter Schiff

比特幣回檔引發對現貨 ETF 的擔憂，引發懷疑論者 Peter Schiff 的警告

In the wake of Bitcoin's recent sell-off below $70,000, renowned economist and gold advocate Peter Schiff has reignited his skepticism towards spot Bitcoin exchange-traded funds (ETFs).

在比特幣最近跌破 7 萬美元之後，著名經濟學家和黃金倡導者 Peter Schiff 重新燃起了對現貨比特幣交易所交易基金 (ETF) 的懷疑態度。

Schiff's concerns stem from the limitations of ETFs, which restrict liquidity to U.S. market hours. This inherent vulnerability left investors helpless during the overnight market crash, unable to sell their Bitcoin holdings until the morning's market open.

希夫的擔憂源自於 ETF 的局限性，它限制了美國市場時段的流動性。這種固有的脆弱性讓投資者在隔夜市場崩盤期間束手無策，無法在早上開盤前出售所持有的比特幣。

"As I warned, if #Bitcoin starts selling off tonight, #BitcoinETF owners can do nothing but watch and wait until the NYSE opens tomorrow morning," Schiff tweeted on April 14th. "In the meantime, it will be a long night hoping that Bitcoin doesn't crash before they have a chance to sell."

「正如我所警告的那樣，如果 #Bitcoin 今晚開始拋售，#BitcoinETF 所有者只能觀望並等待紐約證券交易所明天早上開盤，」希夫於 4 月 14 日發推文。 “與此同時，這將是一個漫長的夜晚，希望比特幣在有機會出售之前不會崩潰。”

Schiff's previous statements highlighted the problematic nature of holding Bitcoin in an ETF, emphasizing that it effectively limits trading opportunities to the U.S. market's operating hours. Consequently, investors are left exposed to overnight market fluctuations without the ability to take action.

希夫先前的聲明強調了在 ETF 中持有比特幣的問題本質，強調它有效地將交易機會限制在美國市場的營業時間內。因此，投資者面臨隔夜市場波動的風險而無法採取行動。

In light of Bitcoin's recent price movements, Schiff believes that the critical support level has been established at $60,000. A break below this level, he argues, would create a formidable triple top pattern, with potential downside projections extending to $20,000.

鑑於比特幣最近的價格走勢，希夫認為關鍵支撐位已確立在 6 萬美元。他認為，跌破這一水平將形成強大的三重頂形態，潛在的下行預測將延伸至 20,000 美元。

Schiff's analysis also includes a projection of MicroStrategy's (NASDAQ: MSTR) financial situation, predicting an unrealized loss of $2.7 billion on its substantial Bitcoin holdings, acquired at an average price of $34,000.

Schiff 的分析還包括對 MicroStrategy（納斯達克股票代碼：MSTR）財務狀況的預測，預測其以平均價格 34,000 美元收購的大量比特幣持有量將出現 27 億美元的未實現損失。

At the time of writing, Bitcoin's price was fluctuating around $66,790, reflecting a 4.23% increase over the past 24 hours. However, the asset remains below its recent peak of $70,000, having experienced a 7.39% decline over the previous seven days and a 3.25% drop on its monthly chart.

截至撰寫本文時，比特幣價格在 66,790 美元附近波動，過去 24 小時上漲 4.23%。然而，該資產仍低於 70,000 美元的近期峰值，過去 7 天下跌了 7.39%，月度圖表下跌了 3.25%。

Despite Schiff's skepticism, some commentators have pointed out that the limitations of spot Bitcoin ETFs are not unique to the cryptocurrency. Other assets also face similar liquidity constraints during non-trading hours. Therefore, the implications of Schiff's warnings may extend beyond Bitcoin to the broader investment landscape.

儘管希夫對此表示懷疑，但一些評論員指出，現貨比特幣 ETF 的限制並非加密貨幣所獨有。其他資產在非交易時段也面臨類似的流動性限制。因此，希夫警告的影響可能會超越比特幣，擴展到更廣泛的投資領域。

Ultimately, Schiff's concerns serve as a reminder of the potential risks associated with investing in Bitcoin and other digital assets. Investors should carefully consider the limitations of ETFs and other investment vehicles before making any decisions.

最終，希夫的擔憂提醒人們投資比特幣和其他數位資產的潛在風險。投資者在做出任何決定之前應仔細考慮 ETF 和其他投資工具的限制。