MSTR股票的崩潰模式：déjàvu再次？彼得·希夫（Peter Schiff）聽到警報

MSTR股票是否會發生另一場崩潰？分析師看到了一種熟悉的模式，而彼得·席夫（Peter Schiff）質疑邁克爾·塞勒（Michael Saylor）的比特幣策略。讓我們深入研究戲劇。

Alright, picture this: MSTR stock, Michael Saylor's big Bitcoin bet, potentially mirroring a past crash. And Peter Schiff, ever the gold bug, is chiming in. Buckle up, because this is getting interesting.

好吧，想像一下：MSTR股票，邁克爾·賽勒（Michael Saylor）的大比特幣押注，有可能反映過去的崩潰。彼得·希夫（Peter Schiff）曾經是金蟲（Gold Bug），他正在插入。

MSTR's Sideways Slide: A Crash in the Making?

MSTR的側向滑梯：製作中的崩潰？

Remember those glory days of July when MSTR hit $442? Yeah, those are fading fast. As of late September 2025, the stock's been moving sideways, wiping out all those sweet 2025 gains. Analysts are whispering about a repeat of the 2021-2023 fractal pattern, the one that led to a 50% nosedive after support crumbled. Ouch.

還記得七月的輝煌日子，當時MSTR售價442美元嗎？是的，那些正在快速褪色。截至2025年9月下旬，該股票一直在側向移動，消除了所有這些甜蜜的2025年收益。分析師對2021-2023分形模式的重複竊竊私語，這是在支撐崩潰後導致50％鼻子的鼻子。哎喲。

Crypto analyst Ali Martinez is watching a crucial $257 support level. If MSTR dips below that, watch out below – we could be talking about a plunge towards $120.

加密分析師阿里·馬丁內斯（Ali Martinez）正在觀看至關重要的257美元支持水平。如果MSTR在下面降低，請注意 - 我們可能會談論跌入120美元的產品。

The Bitcoin Premium Problem

比特幣高級問題

MSTR stock used to be the cool kid, trading at a premium because of its Bitcoin holdings. But that premium? It's shrinking faster than your paycheck after taxes. The net asset value (NAV) premium went from 2x in January to just 1.44x now. Royal Bank of Canada did pump up its stake by 16% last quarter, but the appeal of MSTR over just buying Bitcoin outright is definitely fading.

MSTR股票曾經是一個很酷的孩子，由於其比特幣持有量，以溢價交易。但是那個溢價？稅後的薪水比您的薪水更快。淨資產價值（NAV）溢價從一月份的2倍增加到現在的1.44倍。加拿大皇家銀行上個季度確實將其股份提高了16％，但是MSTR在僅購買比特幣的吸引力絕對消失了。

Saylor's Bitcoin Fortress: A House of Cards?

Saylor的比特幣要塞：紙牌屋？

Saylor's sitting on a mountain of Bitcoin – 640,000 BTC, worth around $70 billion. Sounds impressive, right? But here's the catch: If Bitcoin tanks, MSTR could face major pressure, potentially triggering a fire sale. Nobody wants to be caught in that mess.

塞勒（Saylor）坐在比特幣山上 - 640,000 BTC，價值約700億美元。聽起來令人印象深刻，對吧？但是，這是一個捕獲：如果比特幣坦克，MSTR可能會面臨重大壓力，並可能引發火災銷售。沒有人願意被那樣的混亂陷入困境。

Schiff vs. Saylor: The Gold vs. Bitcoin Throwdown

Schiff vs. Saylor：黃金與比特幣的投擲

Peter Schiff, never one to miss a chance to bash Bitcoin, is back at it. He's arguing that Saylor would've been better off loading up on gold instead of Bitcoin. Sure, MicroStrategy's showing a paper gain on its Bitcoin stash, but Schiff's all about liquidity. He says MicroStrategy could unload billions in gold without causing a market meltdown, while trying to dump that much Bitcoin could crash the whole party.

彼得·希夫（Peter Schiff）從來沒有錯過毆打比特幣的機會，他回到了那裡。他認為，塞勒會更好地加載黃金而不是比特幣。當然，MicroStrategy在比特幣藏匿處顯示出紙質收益，但Schiff的流動性全都是關於流動性的。他說，微型策略可以卸載數十億美元的黃金而不會造成市場崩潰，同時試圖拋棄這麼多比特幣可能會崩潰。

Bitcoin bulls will argue that large sellers can use OTC channels and sell gradually, but Schiff's point about gold's market depth is hard to ignore.

比特幣公牛會認為，大型賣家可以使用OTC渠道並逐漸銷售，但是Schiff關於黃金市場深度的觀點很難忽略。

Saylor's Stance

塞勒的立場

Despite the noise, Saylor isn't backing down. In fact, he's hinting at buying even more Bitcoin. The man's a true believer.

儘管有噪音，但Saylor並沒有退縮。實際上，他暗示購買更多比特幣。這個人是一個真正的信徒。

The Bottom Line

底線

So, what's the takeaway? MSTR stock is looking shaky, analysts are seeing red flags, and Peter Schiff's doing his victory dance. Whether you're a Bitcoin believer or a goldbug, it's time to keep a close eye on MSTR. This could get wild.

那麼，收穫是什麼？ MSTR股票看起來搖搖欲墜，分析師看到了危險信號，彼得·席夫（Peter Schiff）正在贏得勝利舞。無論您是比特幣的信徒還是金咬，現在是時候密切關注MSTR了。這可能會變得瘋狂。

Until next time, folks. Stay frosty, and remember – investing is a marathon, not a sprint. Unless, of course, MSTR actually crashes. Then it's definitely a sprint...to the exit!

直到下一次，伙計們。保持冷淡，記住 - 投資是一場馬拉松，而不是衝刺。當然，除非MSTR實際崩潰。那絕對是一個衝刺...出口！