分析师认为，由风险食欲而不是避风港需求驱动的比特币集会

在对主流媒体报道的鲜明批评中，一位市场评论员呼吁CNBC将比特币的突破超过100,000美元归因于寻求庇护的投资者

In a pointed critique of mainstream financial media coverage, one market commentator has taken aim at CNBC for attributing Bitcoin's breakout above $100,000 to investors seeking refuge during uncertain times.

在对主流财务媒体报道的明确批评中，一位市场评论员旨在将CNBC归因于比特币的突破超过100,000美元，这是在不确定时期寻求避难所的投资者。

According to Ben Armstrong, host of the "Crypto хард кидал в Изюм", the surge was actually fueled by risk-on sentiment, with investors rotating out of traditional safe havens like the S&P 500 and into more speculative assets like BTC.

根据“ Crypto late” Ambstrong的说法，“Cryptoхрдкидалв刑”的主持人实际上是由风险的情绪助长的，投资者从S＆P 500等传统的安全避风港中旋转，并转向了更具投机性的资产。

The distinction is critical: while the “digital gold” narrative remains a popular framework, recent market behavior suggests Bitcoin may still be viewed as a high-risk, high-reward asset — particularly appealing in bullish conditions. As capital flows shift in search of higher returns, Bitcoin's rise could reflect a broader appetite for risk, rather than a defensive strategy against macro uncertainty.

区别至关重要：虽然“数字黄金”的叙述仍然是一个流行的框架，但最近的市场行为表明比特币仍被视为高风险，高回报的资产，在看涨条件下特别有吸引力。随着资本流动以寻求更高回报的转变，比特币的崛起可能反映出对风险的更广泛的兴趣，而不是防御性不确定性的防御策略。

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Bitcoin Could Be Leading Global Monetary Trends, Says Analyst

分析师说，比特币可能是领先的全球货币趋势。

The analyst is referring to a recent CNBC report which attributed Bitcoin's rally to investors seeking safety during a time of geopolitical turmoil, rising inflation, and market volatility. However, Armstrong argues that this analysis is fundamentally flawed.

分析师指的是最近的CNBC报告，该报告将比特币的集会归因于在地缘政治动荡，通货膨胀率上升和市场波动时寻求安全的投资者。但是，阿姆斯特朗认为，这种分析从根本上存在缺陷。

According to Armstrong, Bitcoin's surge is more likely linked to the broader rotation of capital out of traditional asset classes, such as the S&P 500, and into cryptocurrencies. This shift is being driven by investors seeking higher returns in a low-yield environment.

根据阿姆斯特朗（Armstrong）的说法，比特币的激增更有可能与传统资产类别（例如标准普尔500指数）以及加密货币的更广泛的资本旋转有关。这种转变是由在低收益环境中寻求更高回报的投资者驱动的。

"They are pulling out of the S&P, they are pulling out of the stock market, they are pulling out of the bond market, they are pulling out of real estate. Where is the money going? It’s going into crypto," Armstrong stated.

阿姆斯特朗说：“他们正在退出标准普尔，他们正在退出股票市场，正在退出债券市场，他们从房地产中退出。

His skepticism toward the cryptocurrency has been consistent for over a decade, earning him a reputation as one of Bitcoin’s most vocal detractors in traditional finance circles. Here are some notable examples of his past negative comments:

十多年来，他对加密货币的怀疑一直是一致的，在传统金融圈子中，他赢得了比特币最具声音批评者之一的声誉。以下是他过去负面评论的一些值得注意的例子：

1. Bitcoin is “Fool’s Gold”

1。比特币是“傻瓜的黄金”

Schiff has repeatedly argued that Bitcoin has no intrinsic value and likened it to “fool’s gold.” He insists that unlike gold — which has industrial uses and a history as a store of value — Bitcoin is purely speculative and destined to fail in the long run.

席夫（Schiff）反复争辩说，比特币没有内在的价值，并将其比作“傻瓜的黄金”。他坚持认为，与具有工业用途和历史作为价值存储的黄金不同，比特币纯粹是投机性的，从长远来看注定要失败。

2. “Bitcoin Will Go to Zero”

2。“比特币将达到零”

On several occasions, Schiff has predicted that Bitcoin’s value would eventually collapse to zero. For example, in interviews and tweets from 2017–2020, he dismissed BTC rallies as bubbles and said that holders would be left with nothing once the hype faded.

席夫（Schiff）有时预测比特币的价值最终会崩溃至零。例如，在2017 - 2020年的访谈和推文中，他将BTC集会视为泡沫，并说一旦炒作消失，持有人将一无所有。

3. Criticism During Bull Runs

3。牛跑期间的批评

Even during major bull markets, Schiff has maintained his bearish stance. In 2020 and early 2021, while Bitcoin surged to new all-time highs, Schiff warned investors it was a “sucker’s rally” and advised them to sell before the inevitable crash.

即使在主要的公牛市场上，席夫也保持了看跌的立场。在2020年和2021年初，比特币飙升至新的历史新高时，Schiff警告投资者，这是“吸盘的集会”，并建议他们在不可避免的崩溃之前出售。

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Gold Outpaces S&P 500 as Uncertainty Fuels Flight to SafetyArmstrong's comments come at a time when Bitcoin has been making headlines for its rapid price gains. The world's leading cryptocurrency recently surged to new all-time highs of over $103,000, before encountering resistance and pulling back slightly.

当不确定性燃料飞往SafetyArmstrong的评论时，黄金超过了S＆P 500。全球领先的加密货币最近在遇到阻力并稍微向后拉后的新历史高度超过103,000美元。

As the crypto market continues to evolve and macroeconomic trends unfold, it will be interesting to see how this narrative develops further and what insights other market analysts provide.

随着加密市场的不断发展和宏观经济趋势的发展，有趣的是，看到这种叙事如何进一步发展以及其他市场分析师提供的见解。