Peter Schiff Counters Bitcoin's Safe Haven Narrative Amid Forecast Of Impending Fiat Train Wreck: 'There Is No Riskier Asset'
Peter Schiff Counters Bitcoin's Safe Haven Narrative Amid Forecast Of Impending Fiat Train Wreck: 'There Is No Riskier Asset'
The remark was in reaction to serial entrepreneur and Bitcoin advocate Renowned economist and market commentator Peter Schiff labeled Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, as the riskiest asset on Tuesday.
著名经济学家和市场评论员彼得·希夫周二将比特币（数字货币：BTC），世界上最大的数字货币，称为风险最高的资产。
What Happened: Schiff took to X to voice his concerns about the leading digital asset, stating, "There is no riskier asset than Bitcoin (not counting the 20,000 altcoins)."
发生了什么：希夫在X上表达了他对这一领先数字资产的担忧，他表示：“没有比比特币更风险的资产（不算20000种山寨币）。”
Risk-off assets are investments that tend to perform well when the market sentiment is negative. Schiff's observation implied that Bitcoin was nowhere near being a safe haven like gold, an asset he strongly advocates for.
风险规避资产是在市场情绪负面时表现良好的投资。希夫的观察暗示，比特币远不如黄金这样的安全避风港，后者是他强烈提倡的资产。
The remark was in reaction to serial entrepreneur and Bitcoin advocate Alan Knitowski, who argued that the leading cryptocurrency would soon become "risk-off" and decoupled from the effects of fiat currencies such as the dollar.
这一言论是对连续创业者和比特币支持者艾伦·尼特科夫斯基的反应，他认为领先的数字货币将很快成为“风险规避型”，并与美元等法定货币的影响脱钩。
There is no riskier asset than Bitcoin (not counting the 20K altcoins)
— Peter Schiff (@PeterSchiff) January 8, 2025
没有比比特币更风险的资产（不算2万种山寨币）
—— 彼得·希夫 (@PeterSchiff) 2025年1月8日
The conversation started when Schiff brought up Japan's benchmark 10-year Treasury bond yield of 1.18%. He warned that sustained increases in yields might "wreak havoc" on global bonds and risk assets.
对话始于希夫提到日本基准10年期国债收益率为1.18%。他警告说，收益率的持续上升可能会对全球债券和风险资产造成“严重损害”。
According to TradingView, Bitcoin's Sharpe ratio, a measure of risk-adjusted returns, was -1.11 as of this writing, suggesting that the expected return was lower than that of a risk-free investment, such as a Treasury yield.
根据TradingView的数据，截至撰写本文时，比特币的夏普比率（衡量风险调整后收益的指标）为-1.11，这表明其预期收益低于国债收益等无风险投资的收益。
Interestingly, gold, which is considered a risk-free investment, had a Sharpe ratio around similar levels, around -1.07.
有趣的是，黄金被认为是无风险投资，夏普比率大约在-1.07左右。
See Also: Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin's Sister Coin NEIRO Plunges 3% After Sale
另请参见：以太坊联合创始人维塔利克·布特林出售近百万美元的memecoins以支持慈善事业——狗狗币的姐妹币NEIRO在出售后下跌3%。
Why It Matters: This isn't the first time Schiff has expressed skepticism about Bitcoin. He has previously warned about the speculative frenzy surrounding the cryptocurrency, asserting that it could lead to significant losses for investors.
重要性：这并不是施夫第一次对比特币表示怀疑。他之前曾警告过围绕这一数字货币的投机狂潮，声称这可能给投资者带来重大损失。
He said that he doesn't "hate Bitcoin itself," but was deeply concerned about the potential financial fallout from the speculative mania.
他说他并不“讨厌比特币本身”，但对投机狂潮可能带来的财务后果深感担忧。
Despite his criticisms, Schiff once admitted that he would have invested in Bitcoin had he anticipated the size of the current "bubble."
尽管他批评比特币，施夫曾承认如果他预见到当前“泡沫”的规模，他会选择投资比特币。
Price Action: At the time of writing, Bitcoin was exchanging hands at $96,401.25, down 5.26% in the last 24 hours, according to data from Benzinga Pro.
价格动态：在写作时，比特币的交易价格为96,401.25美元，在过去24小时内下跌了5.26%，数据来自Benzinga Pro。
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