<h2>關鍵要點</h2>
<p><em>比特幣最近的回調引發了彼得·希夫的再次批評，儘管支持者指出長期收益和比特幣與黃金比率的急劇上升。</em></p>
<hr/>
<p>比特幣 [BTC] 最近從歷史高點回調，再次點燃了長期懷疑者彼得·希夫的批評。</p>
<p>在達到 124,500 美元的峯值後，這種全球最大的加密貨幣已跌破 120,000 美元的門檻，促使希夫強調其相較於黃金的表現不佳。</p>
<p>他的言論正值貴金屬創下 3586 美元的新紀錄。</p>
<p>事實上，根據 CoinMarketCap 的數據，自年初以來，黃金上漲超過 36%，過去 12 個月上漲 42%，而比特幣在過去一個月內下跌超過 5%。</p>
<h2>彼得·希夫的看法</h2>
<p>利用這個機會，希夫在 X 平台上指出，</p>
<blockquote>
<p>“以黃金計價，自 8 月 12 日達到約 37.2 盎司的高點以來，比特幣下跌了 18%，僅比官方熊市區域高出 2%。”</p>
</blockquote>
<p>他進一步補充道，</p>
<blockquote>
<p>“實際上，以黃金計價，比特幣目前比 2021 年 11 月的高點低近 16%。你如何解釋這種糟糕的表現與所有的炒作？”</p>
</blockquote>
<p>希夫認為，比特幣的下跌進一步證明了其無法與黃金作為可靠的價值儲存工具競爭。</p>
<p>然而，並非所有人都同意他的觀點。</p>
<h2>社區駁斥希夫的言論</h2>
<p>在 X 平台上，一位名為亞當·韋爾的用户挑戰了希夫的觀點，反駁了黃金的上漲自動削弱比特幣長期潛力的説法。</p>
<blockquote>
<p>“黃金是昨天的對沖。比特幣是明天的系統。短期波動並不能抹去一代人的轉變。”</p>
</blockquote>
<p>另一位 X 用户布蘭登也表達了類似的觀點，</p>
<blockquote>
<p>“你説得對——這個週期的牛市才剛剛開始。”</p>
</blockquote>
<p>一些用户甚至進一步嘗試改變希夫的看法，並指出，</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Yohann.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Yohann.webp"/></p>
<p>來源：Yohann/X</p>
<h2>比特幣的表現</h2>
<p>現在，儘管希夫的批評引發了爭論，但比特幣更廣泛的表現指標描繪了一個更復雜的圖景。</p>
<p>儘管最近回調，這種加密貨幣在更長的時間框架內提供了可觀的回報，年初至今上漲了 18%，過去六個月上漲了 36%，過去一年更是上漲了 96%。</p>
<p>進一步回溯，比特幣在五年內上漲近 1000%，突顯了其在短期波動中仍具長期增長潛力。</p>
<p>儘管如此，希夫對比特幣作為 “避風港” 與黃金競爭能力的擔憂並非沒有背景。</p>
<p>黃金的上漲在最近幾周掩蓋了比特幣，引發了投資者在不確定市場條件下更信任哪個資產的疑問。</p>
<h2>比特幣/黃金比率分析</h2>
<p>然而，仔細觀察比特幣與黃金的比率提供了一個反駁點。</p>
<p>CoinMarketCap 的數據表明，BTC/黃金比率在短短 24 小時內上漲了 64.53%，達到了 0.8359 美元。</p>
<p>這一急劇的變動表明，比特幣相對於黃金的價值顯著增強，反映出加密市場的動能加大。</p>
<p>這樣的激增表明投資者情緒的變化，比特幣可能越來越被視為傳統穩定貴金屬的競爭替代品。</p>
<p>事實上，分析師泰德·皮洛斯也指出，市場似乎處於第二階段，黃金延續其上漲，而比特幣則經歷回調。</p>
<p>歷史上，這種週期表明，一旦黃金達到峯值，比特幣通常會以急劇的上漲走勢領先。</p>
<p>不過，目前比特幣的短期反彈可能仍然容易受到回調的影響。</p>
<p>儘管如此，隨着黃金的動能保持不變，比特幣正在整合，許多人相信，一旦市場條件發生變化，潛在的爆發性突破即將到來。</p>

GBTC

<p>彼得·希夫批評比特幣近期的表現，指出自八月以來，比特幣對黃金的跌幅達 18%，而黃金今年上漲超過 36%。儘管比特幣年初至今的漲幅為 18%，過去一年更是上漲了 96%，希夫認為比特幣無法與黃金作為避風港競爭。然而，部分加密貨幣社區的人士為比特幣辯護，認為其長期潛力依然強勁。比特幣與黃金的比率最近有所上升，表明投資者情緒向比特幣作為黃金的可行替代品發生了轉變</p>

<h2>Key Takeaways</h2>
<div class="lb-trans"><h2>關鍵要點</h2>
</div><p><em>Bitcoin’s recent pullback has sparked renewed criticism from Peter Schiff, although supporters point to long-term gains and a sharp rise in the BTC-to-gold ratio.</em></p>
<div class="lb-trans"><p><em>比特幣最近的回調引發了彼得·希夫的再次批評，儘管支持者指出長期收益和比特幣與黃金比率的急劇上升。</em></p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>Bitcoin [BTC]’s recent pullback from its all-time high has reignited familiar criticism from long-time skeptic Peter Schiff.</p>
<div class="lb-trans"><p>比特幣 [BTC] 最近從歷史高點回調，再次點燃了長期懷疑者彼得·希夫的批評。</p>
</div><p>After peaking at $124,500, the world’s largest cryptocurrency has slipped below the $120,000 threshold, prompting Schiff to highlight its underperformance compared to gold.</p>
<div class="lb-trans"><p>在達到 124,500 美元的峯值後，這種全球最大的加密貨幣已跌破 120,000 美元的門檻，促使希夫強調其相較於黃金的表現不佳。</p>
</div><p>His remarks came as the precious metal notched a new record above $3,586.</p>
<div class="lb-trans"><p>他的言論正值貴金屬創下 3586 美元的新紀錄。</p>
</div><p>In fact, as per data from CoinMarketCap, gold has soared over 36% since the start of the year and 42% in the past twelve months, while Bitcoin has shed more than 5% over the last month.</p>
<div class="lb-trans"><p>事實上，根據 CoinMarketCap 的數據，自年初以來，黃金上漲超過 36%，過去 12 個月上漲 42%，而比特幣在過去一個月內下跌超過 5%。</p>
</div><h2>Peter Schiff weighs in</h2>
<div class="lb-trans"><h2>彼得·希夫的看法</h2>
</div><p>Utilizing this opportunity, Schiff took to X and noted,</p>
<div class="lb-trans"><p>利用這個機會，希夫在 X 平台上指出，</p>
</div><blockquote>
<p>“Priced in gold, since hitting a high of about 37.2 ounces on Aug. 12, Bitcoin is down 18%, just 2% above official bear market territory.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“以黃金計價，自 8 月 12 日達到約 37.2 盎司的高點以來，比特幣下跌了 18%，僅比官方熊市區域高出 2%。”</p>
</blockquote>
</div><p>Adding further intrigue, he said,</p>
<div class="lb-trans"><p>他進一步補充道，</p>
</div><blockquote>
<p>“In fact, priced in gold, Bitcoin is currently almost 16% below its Nov. 2021 high. How do you square this dismal performance with all the hype?”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“實際上，以黃金計價，比特幣目前比 2021 年 11 月的高點低近 16%。你如何解釋這種糟糕的表現與所有的炒作？”</p>
</blockquote>
</div><p>Schiff argued that Bitcoin’s decline further proves its inability to rival gold as a dependable store of value.</p>
<div class="lb-trans"><p>希夫認為，比特幣的下跌進一步證明了其無法與黃金作為可靠的價值儲存工具競爭。</p>
</div><p>However, not everyone agreed with his stance.</p>
<div class="lb-trans"><p>然而，並非所有人都同意他的觀點。</p>
</div><h2>Community dismisses Schiff’s remarks</h2>
<div class="lb-trans"><h2>社區駁斥希夫的言論</h2>
</div><p>Responding on X, a user named Adam Well challenged Schiff’s view, pushing back against the notion that gold’s rise automatically undermines Bitcoin’s long-term potential.</p>
<div class="lb-trans"><p>在 X 平台上，一位名為亞當·韋爾的用户挑戰了希夫的觀點，反駁了黃金的上漲自動削弱比特幣長期潛力的説法。</p>
</div><blockquote>
<p>“Gold is yesterday’s hedge. Bitcoin is tomorrow’s system. Short-term volatility doesn’t erase a generational shift.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“黃金是昨天的對沖。比特幣是明天的系統。短期波動並不能抹去一代人的轉變。”</p>
</blockquote>
</div><p>Echoing similar sentiments, another X user, Brandon, added,</p>
<div class="lb-trans"><p>另一位 X 用户布蘭登也表達了類似的觀點，</p>
</div><blockquote>
<p>“You’re right- this cycle’s bull market has barely even begun.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“你説得對——這個週期的牛市才剛剛開始。”</p>
</blockquote>
</div><p>Some users even went a step further, attempting to shift Schiff’s perspective and pointed out,</p>
<div class="lb-trans"><p>一些用户甚至進一步嘗試改變希夫的看法，並指出，</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/09/Yohann.webp" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/09/Yohann.webp"/></p>
<p>Source: Yohann/X</p>
<div class="lb-trans"><p>來源：Yohann/X</p>
</div><h2>Bitcoin’s performance</h2>
<div class="lb-trans"><h2>比特幣的表現</h2>
</div><p>Now, while Schiff’s criticism has fueled debate, Bitcoin’s broader performance metrics paint a more nuanced picture.</p>
<div class="lb-trans"><p>現在，儘管希夫的批評引發了爭論，但比特幣更廣泛的表現指標描繪了一個更復雜的圖景。</p>
</div><p>Despite recent pullbacks, the cryptocurrency has delivered substantial returns over longer time frames as it is up 18% year-to-date, 36% over the past six months, and an impressive 96% gain in the past year.</p>
<div class="lb-trans"><p>儘管最近回調，這種加密貨幣在更長的時間框架內提供了可觀的回報，年初至今上漲了 18%，過去六個月上漲了 36%，過去一年更是上漲了 96%。</p>
</div><p>Stretching further back, Bitcoin has surged nearly 1,000% in five years, highlighting its long-term growth potential even amid short-term volatility.</p>
<div class="lb-trans"><p>進一步回溯，比特幣在五年內上漲近 1000%，突顯了其在短期波動中仍具長期增長潛力。</p>
</div><p>That said, Schiff’s concerns about Bitcoin’s ability to compete with gold as a “safe haven” are not without context.</p>
<div class="lb-trans"><p>儘管如此，希夫對比特幣作為 “避風港” 與黃金競爭能力的擔憂並非沒有背景。</p>
</div><p>Gold’s rally has overshadowed Bitcoin in recent weeks, raising questions about which asset investors trust more during uncertain market conditions.</p>
<div class="lb-trans"><p>黃金的上漲在最近幾周掩蓋了比特幣，引發了投資者在不確定市場條件下更信任哪個資產的疑問。</p>
</div><h2>Bitcoin/Gold ratio analysis</h2>
<div class="lb-trans"><h2>比特幣/黃金比率分析</h2>
</div><p>However, a closer look at the Bitcoin-to-gold ratio offers a counterpoint.</p>
<div class="lb-trans"><p>然而，仔細觀察比特幣與黃金的比率提供了一個反駁點。</p>
</div><p>Data from CoinMarketCap shows the BTC/Gold ratio climbed to $0.8359 after a 64.53% jump in just 24 hours.</p>
<div class="lb-trans"><p>CoinMarketCap 的數據表明，BTC/黃金比率在短短 24 小時內上漲了 64.53%，達到了 0.8359 美元。</p>
</div><p>This sharp move suggests that Bitcoin’s value relative to gold has strengthened significantly, reflecting heightened momentum in the crypto market.</p>
<div class="lb-trans"><p>這一急劇的變動表明，比特幣相對於黃金的價值顯著增強，反映出加密市場的動能加大。</p>
</div><p>Such a spike indicates shifting investor sentiment, where Bitcoin may be increasingly viewed as a competitive alternative to the traditionally stable precious metal.</p>
<div class="lb-trans"><p>這樣的激增表明投資者情緒的變化，比特幣可能越來越被視為傳統穩定貴金屬的競爭替代品。</p>
</div><p>In fact, Analyst Ted Pillows had also noted that the market appears to be in its second phase, with gold extending its rally while Bitcoin undergoes retracements.</p>
<div class="lb-trans"><p>事實上，分析師泰德·皮洛斯也指出，市場似乎處於第二階段，黃金延續其上漲，而比特幣則經歷回調。</p>
</div><p>Historically, such cycles have shown that once gold reaches its peak, Bitcoin often takes the lead with sharp upward moves.</p>
<div class="lb-trans"><p>歷史上，這種週期表明，一旦黃金達到峯值，比特幣通常會以急劇的上漲走勢領先。</p>
</div><p>For now, though, short-term rallies in BTC may remain vulnerable to pullbacks.</p>
<div class="lb-trans"><p>不過，目前比特幣的短期反彈可能仍然容易受到回調的影響。</p>
</div><p>Still, with gold’s momentum intact and Bitcoin consolidating, many believe the stage is being set for a potentially explosive breakout once market conditions shift.</p>
<div class="lb-trans"><p>儘管如此，隨着黃金的動能保持不變，比特幣正在整合，許多人相信，一旦市場條件發生變化，潛在的爆發性突破即將到來。</p>
</div>

彼得·希夫批評比特幣相對於黃金的 “表現不佳”：‘僅僅高出 2%…’