随着纳斯达克进入校正模式，比特币面临着增长的压力

自2025年初以来，纳斯达克综合指数下降了8.21％，而纳斯达克100指数下跌了6.16％。

The Nasdaq Composite Index has decreased in value by 8.21 percent since the beginning of 2025, and the Nasdaq 100 Index has dropped by 6.16 percent. Bitcoin has also seen a decline of 11.25 percent, whereas gold has risen by at least 15.1 percent.

自2025年初以来，纳斯达克综合指数的价值下降了8.21％，纳斯达克100指数下降了6.16％。比特币也下降了11.25％，而黄金的下降至少增长了15.1％。

As uncertainty looms over the market, investors are seeking refuge in safe-haven assets. Among them is Peter Schiff, a staunch advocate for gold, who believes this is just the beginning. According to Schiff, if the Nasdaq enters a bear market, Bitcoin could plummet to 65,000 dollars or even as low as 20,000 dollars. At the same time, he predicts gold could soar past 3,800 dollars as investors move away from riskier bets.

随着市场上的不确定性隐约，投资者正在寻求避难所的避难所。其中包括彼得·希夫（Peter Schiff），他是黄金的坚定倡导者，他认为这仅仅是开始。根据席夫（Schiff）的说法，如果纳斯达克（Nasdaq）进入熊市，比特币可能会下降到65,000美元，甚至低至20,000美元。同时，他预测，随着投资者摆脱风险较高的赌注，黄金可能会飙升3,800美元。

Let’s take a closer look.

让我们仔细看一下。

Over the last 30 days, Bitcoin has fallen by about 14.3 percent, including a 0.5 percent drop in just the last 24 hours.

在过去的30天中，比特币下降了约14.3％，其中仅在过去24小时内下降了0.5％。

Bitcoin skeptic Schiff warns that if the Nasdaq drops 20%, Bitcoin could drop to $65,000. He also points out that a deeper stock market crisis could pull the BTC price to a low of $20,000 or even lower.

比特币怀疑论者Schiff警告说，如果纳斯达克下降20％，比特币可能会降至65,000美元。他还指出，更深层次的股票市场危机可以将BTC的价格提高到20,000美元甚至更低。

Schiff sees similarities between today’s market and past financial downturns. Could history repeat itself?

席夫（Schiff）看到当今市场与过去的财务低迷之间的相似之处。历史可以重演吗？

According to Benzinga, in 1929, the stock market crashed after a bull market that saw the market increase by 140 percent over a period of five years. The downturn continued until 1932, leading to a 90 percent decline from the 1929 high.

根据本辛加的说法，1929年，股票市场在牛市中崩溃了，牛市在五年内市场增长了140％。衰退一直持续到1932年，导致1929年最高点下降了90％。

Later, during the 1987 crash, the market soared by 108 percent over three years, only to decrease by 48 percent in just 18 months.

后来，在1987年的崩溃中，该市场在三年内飙升了108％，仅在18个月内下降了48％。

Schiff further highlights that during the 1971-1972 bear market, the stock market experienced a rise of 100 percent, followed by a 55 percent decrease over two years.

希夫进一步强调，在1971 - 1972年的熊市中，股票市场上涨了100％，随后两年下降了55％。

Based on these past trends, Schiff argues that Bitcoin is at risk of following the stock market downward.

基于这些过去的趋势，希夫认为比特币有可能跟随股票市场向下的风险。

At the start of this year, the gold spot price was $2,623.954. Since then, the gold market has registered a rise of no fewer than 15.1%.

在今年年初，黄金点价格为2,623.954美元。从那时起，黄金市场的增长不少于15.1％。

Schiff notes that there is an inverse relationship between the US market and the gold market. As the former declines, the latter tends to increase in value.

席夫指出，美国市场与黄金市场之间存在反向关系。随着前者的下降，后者的价值往往会增加。

If the Nasdaq drops to 20%, which would be around 1999 levels, Schiff forecasts that the price of gold could reach as high as $3,800 per ounce.

如果纳斯达克股票下降到20％，即1999年的水平，Schiff预测黄金的价格可能高达每盎司3,800美元。

However, if the market continues to fall and reaches 1982 lows, the price of gold could potentially soar even higher, possibly to 5,000 dollars.

但是，如果市场继续下跌并达到1982年的低谷，黄金的价格可能会飙升甚至更高，可能会达到5,000美元。

Schiff remains firm in his belief that Bitcoin is not a reliable hedge against stock market instability. If gold keeps rising while Bitcoin struggles, he believes many investors will turn away from Bitcoin in favor of gold.

席夫仍然坚信比特币并不是针对股票市场不稳定的可靠对冲。如果黄金在比特币挣扎时不断上升，他认为许多投资者将远离比特币而转向黄金。

He also warns that major institutional investors—including governments, ETFs, and companies like Strategy — may start reducing their Bitcoin holdings if its price continues to drop.

他还警告说，如果价格继续下跌，包括政府，ETF和战略等公司，包括政府，ETF和诸如战略之类的公司，可能会开始降低其比特币持有量。

In conclusion, Schiff maintains that Bitcoin is headed for a major crash, while gold is poised for surge. While the crypto market has defied pessimistic predictions before, Schiff remains firm in his belief that gold will outperform Bitcoin in the long run.

总而言之，希夫坚持认为比特币正前往重大崩溃，而黄金则有望激增。尽管加密货币市场以前违反了悲观的预测，但席夫仍然坚信，从长远来看，黄金将优于比特币。

Notably, in 2024, the gold market recorded a growth of just 27.21%, while the BTC market registered a rise of at least 121.28%.

值得注意的是，在2024年，黄金市场的增长仅为27.21％，而BTC市场的增长至少增长121.28％。

History favors gold, but Bitcoin has rewritten the rules before. This showdown isn’t ending anytime soon.

历史有利于黄金，但比特币以前重写了规则。这次摊牌不会很快结束。