Peter Schiff Calls MicroStrategy A 'Great Short' And Issues A Grim Warning: 'It Can Only End In Bankruptcy'
Peter Schiff Calls MicroStrategy A 'Great Short' And Issues A Grim Warning: 'It Can Only End In Bankruptcy'
Making his argument, Schiff said that the company's commitment to repay a large sum of money to convertible note holders could be a potential risk if the price of Influential economist and market strategist Peter Schiff said shorting MicroStrategy Inc.'s (NASDAQ:MSTR) stock was a good idea, as he predicted potential bankruptcy for the company.
有影响力的经济学家和市场策略分析师彼得·希夫表示，开空microstrategy公司（纳斯达克：MSTR）的股票是一个好主意，因为他预测该公司可能会破产。
What Happened: During an interview with Kitco News that aired Thursday, Schiff called MicroStrategy a "great short" if one's got the staying power, though he denied himself taking such a position.
发生了什么：在周四播出的与Kitco 资讯的采访中，希夫称microstrategy是一种 "伟大的开空 "选择，如果有人有持久的能力，尽管他否认自己采取这样的立场。
"If you understand the dynamics of how this works, I mean you see that it can only end in the bankruptcy of MicroStrategy," the Bitcoin critic made a bold prediction.
"如果你理解这些是如何运作的动态，我的意思是你会看到这只能以microstrategy的破产结束，"这位比特币批评者做出了大胆的预测。
Making his argument, Schiff said that the company's commitment to repay a large sum of money to convertible note holders could be a potential risk if the price of Bitcoin (CRYPTO: BTC), the asset it holds on its books, drops.
为了支持他的观点，希夫表示，公司承诺向可转换票据持有人偿还一大笔钱，如果它在账面上持有的数字货币比特币（CRYPTO：BTC）价格下跌，这可能会带来潜在风险。
He stated that the bondholders are under the "false belief" that they have exposure to Bitcoin with no downside risk and would simply receive their money back in the worst-case situation of bankruptcy.
他说，债券持有人在 "错误的信念 "下，认为他们与比特币有风险暴露，并且在破产的最坏情况下会简单地收回他们的钱。
"Well, the problem is MicroStrategy is promising to pay so many people back so much money that it won't be able to do it if the price of Bitcoin goes down because it doesn't have the money because it wasted it on Bitcoin," Schiff said.
"好吧，问题是microstrategy承诺要偿还如此多的人如此多的钱，以至于如果比特币的价格下跌，它将无法做到，因为它没有钱，因为它把钱浪费在比特币上，"希夫说。
He predicted that the only way to repay the debt would be by selling Bitcoin.
他预测，偿还债务的唯一方法是出售比特币。
"But as the biggest buyer and biggest owner, if it becomes the biggest seller, what happens to the price of Bitcoin? It crashes. So I think the only way this is going to end is in bankruptcy," Schiff emphasized.
"但是作为最大的买家和最大的拥有者，如果它成为最大的卖家，比特币的价格会发生什么？价格崩溃。所以我认为这一切最终的结果只有一种，那就是破产，"希夫强调道。
Why It Matters: Schiff's remarks come in the wake of recent concerns raised about MicroStrategy and its Bitcoin investment strategy.
重要性：施夫的言论是在近期对microstrategy及其比特币投资策略的担忧之后发表的。
Cryptocurrency analyst Willy Woo had previously flagged the potential liquidation risk of MicroStrategy due to its convertible debt offerings. He said that if the buyers of the convertible debt do not convert to shares before maturity, MicroStrategy would be forced to sell Bitcoin to repay the debt holders.
数字货币分析师威利·吴此前曾指出，由于其可转换债务发行，microstrategy可能面临清算风险。他表示，如果可转换债务的买家在到期之前不转换为股票，microstrategy将被迫卖出比特币以偿还债权人。
Additionally, investment adviser Gary Black questioned MicroStrategy's valuation, suggesting that the company's stock was significantly overpriced.
此外，投资顾问加里·布莱克质疑microstrategy的估值，认为该公司的股票显著高估。
MicroStrategy's aggressive Bitcoin acquisition strategy has been the subject of intense media coverage in recent weeks. Last week, it outshone major companies on Wall Street to emerge as the second-most traded stock on a trading day.
microstrategy的激进比特币收购策略在近年来得到了媒体的广泛关注。上周，它在华尔街的主要公司中脱颖而出，成为交易日交易量第二大的股票。
Price Action: Since the beginning of November, MicroStrategy's stock has surged 69%. The company's shares closed 9.94% higher at $388.84 on Wednesday.
价格动态：自11月初以来，microstrategy的股价已上涨69%。该公司的股票在周三收盘时上涨9.94%，达到了388.84美元。
Photo Courtesy: Wikimedia Commons
图片提供：Wikimedia Commons
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