저자: PeterSchiff · 외국인
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피터 시프는 비트코인이 디지털 금도, 교환수단도 아닌 투기 자산이라며 '역대 최대 사기'라고 비판한다. 마이크로스트래티지·Mara 등 기업의 레버리지 매수와 ETF의 비트코인 보유(전체 공급의 약 8%)가 가격을 부풀렸고, 매도 시 유동성이 부족해 폭락 위험이 크다고 주장한다. 미국 정부의 금 매각·비트코인 매입 구상과 비트코인 전략적 비축 법안은 비현실적이라고 보며, 금 ETF의 보유 비중(1.6%)과 비교해 비트코인 시장의 얕은 깊이를 경고한다.
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uh but it's not digital gold either because it's got nothing in common with gold uh yet despite that you hear all these asinine statements being made of course you know again nobody is paying attention to Gold nobody's paying attention to Silver even fewer people are paying attention to the mining stocks because they're just paying attention to bitcoin you know they had that 100,000 a party Bitcoin got above 100,000 it didn't stay there for long I mean it's back below it in fact I think it's around 96,000 now but I mean it's still pretty close but you know the main reason it's still so high is because of Michael sailor who just announced this morning another 2.1 uh billion spent buying Bitcoin that's 13.6 billion he spent since November 1st and now he's got this other company Mara that just announced I think today or yesterday it just spent another 1.1 billion buying Bitcoin you've got these companies that are Levering up their balance sheet issuing debt to buy Bitcoin and again the institutions that are lending this them them the money don't want to buy Bitcoin welcome to the economy Express Channel your trusted source for the latest and most compelling insights into the world of Finance investment and Global markets tonight we turn our Focus to a subject that has been dividing the financial world cryptocurrency and in particular Bitcoin esteemed economist Peter Schiff is making waves with his fiery critique branding Bitcoin as the greatest scam in recorded history stick with us as we break down his arguments and explore what this could mean for your financial strategies Peter Schiff a vocal critic of Bitcoin has taken the stage once again to deliver what he sees as an urgent warning to investors according to shiff bitcoin is neither digital gold nor a legitimate currency instead he argues it is a speculative asset up by hype and manipulation despite its meteoric rise he claims Bitcoin has no real utility or intrinsic value shiff points out that Bitcoin has failed to serve its original purpose as a medium of exchange as outlined in its founding white paper by Satoshi Nakamoto instead it has been rebranded as digital gold a comparison shift vehemently disputes he points to the Reckless Behavior of Corporations like micro strategy and Mara as key drivers of bitcoin's inflated price these they don't want to take the risk they think they've got a freebie they think they've got a free ride on on bitcoin by buying these convertible notes uh they're hoping to cash in a big profit when either Mara or micro strategy shares go up and they want to uh you know sell with a big gain uh but they expect that if the stocks go down because because Bitcoin goes down well they just get their money back right because they're they're creditors you know they're guaranteed their money back well they're not guaranteed anything if micro strategy can't pay or Mar can't pay which they won't be able to do if the price of Bitcoin goes way down which ultimately it is going to do uh especially when all the buyers really it's our our uh micro strategy and Mara and a lot of these ETFs which are all speculators this is all spec money nobody is buying uh these companies to use Bitcoin as money to use it as a immedi of exchange I mean that was the entire purpose for which it was created go read the Satoshi white paper you know they had to reinvent it as digital gold because it failed uh a at its primary objective because it can't do it uh but it's not digital gold either because it's got nothing in common with gold uh yet despite that you hear all these asinine statements being made you know Michael sailor now is advocating I'm not this up I just heard the interview he's saying that he wants the US government to sell all of its gold 100% of it and buy 25% of the Bitcoin in the world like all just bought up by the US government and he claims that if the US government does this it'll make gold worthless we'll demonetize gold and bankrupt all of our enemies who own gold well first of all if we're going to make gold worthless by selling it how are we going to use it to buy 25% of the world's Bitcoin right so it doesn't even make any sense uh but what good would it be to own 25% of the world's Bitcoin I mean it it it it means nothing he thinks oh the us is going to own the world we're going to rule the world with 25% of nothing we're going to be the laughing stock of the world if we did that and meanwhile our trading partners would scoop up that gold uh it wouldn't be worthless it'd be even more valuable when the US government no longer owned it I mean it's the most asinine idea uh to suggest that uh but again Mike Michael sailor doesn't give a damn about the country he just wants to prop up the price of Bitcoin he's just talking up Bitcoin he doesn't care how much damage he has to do to the US economy you know that's why I a recent post I put on X I said that Bitcoin is now a national security threat it's Public Enemy Number One I mean it's one thing if people want to be dumb enough and put their own money in Bitcoin I mean I don't care people can lose money if they want I mean it's it's not good for society because we could use those resources productively uh but you know in a free country people can waste their money I mean you know there's nothing I can do about it people have a right to do dumb things that's what freedom is all about now we'd be better off if people did smart things with their money but sometimes they do dumb things and they'll learn a lesson but it's a completely different ball game when you're talking about government using the public money where politicians have been bribed to go out and buy Bitcoin just to just to do what I mean I I was watching Larry summers at least you know he was asked about this idea about a Bitcoin strategic Reserve he said it's the craziest thing he's ever heard he says why should we want to buy Bitcoin uh and and just hold it forever just to prop up the price of Bitcoin and enrich a bunch of people who made donations to the Trump campaign I mean that is the only purpose remember the lumus bill not only requires the US government to spend a a to buy a million Bitcoin but it requires the government to hodle it for 20 years and never sell it which of course defeats the whole purpose of having a reserve how can you have a reserve that you could never sell right the purpose of a reserve for currency is you can sell it to defend your currency if you have to but if you've already committed to never selling it for 20 years then it's worthless as a reserve and of course if you could sell it the price would crash which also makes it worthless as a reserve you know the only good thing is that this bill really has no chance of becoming law if you look Lumis Senator Lumis who introduced it there's no co-sponsored in this thing uh none of the Democrats are going to vote for well there's just one guy in the house from Silicon Valley he said that he was in favor of it but I I I look through the internet I can't find anybody who's come out in favor of this bill you know there's one Pennsylvania somebody in Pennsylvania has introduced a bill on a state level to have the state of Pennsylvania have a Bitcoin Reserve I mean they need that like a hole in the head but again I don't think the legislator are actually going to pass any of this nonsense and you know it it that's really what they're trying to do it's just the the the Spector of it the possibility has got people excited and so people are buying but the smart money is selling a lot of people have been selling Bitcoin why do you think it didn't stay above 100,000 somebody sold it you know I I put this out on uh on X today or not today I think I think it was yesterday and it shows you none none of the Bitcoin crowd even understood what I was saying but gold the first gold ETF started 20 years ago and there's a bunch of them now but the first one was 20 years ago and so over the past 20 years if you look at all the gold that all these ETFs own it's about 1.6% of the above ground supply of gold that's it 1.6% in 20 years that's all they've been able to buy now if you look at how much they own relative to the the trading every day of gold it's about one day's volume so basically if all of the gold ETFs in the world liquidated all their gold on the same day the market would absorb it I mean gold might be down a bit maybe it' be down 100 bucks I don't know but the market would absorb the selling all of it no problem look at what's happened just this year with these Bitcoin ETFs I think the Bitcoin ETF f s along with micro strategy and Mara right they own at least 8% of the Bitcoin already not just you know like above ground like gold because there's gold in the ground that that is not owned by these ETFs but they own 8% of all the Bitcoin that will ever exist right all 21 million right they've already amassed 8% of it and it hasn't even been a full year I mean at the rate they're going they're going to gobble up all this Bitcoin I mean how scarce can it be when it was this easy for these ETFs and these companies to buy up so much Bitcoin somebody was willing to unload their Bitcoin on these entities and again these entities that own it they're not they don't they're not married to it this is a trade they're expecting to sell they're wanting to cash out if you look at the total amount of Bitcoin held by these institutions in you know ETFs it's over 10 times the daily trading volume so if there's ever a a big liquidation out of the Bitcoin ETFs Look Out Below there is no depth to this market right now they're all hoping that it's the government that's going to bail everybody out right a government bail out of Bitcoin because the government is going to use the power of the state to corely force people to buy Bitcoin that they don't want to buy right but it's not going to happen right everybody is setting themselves up for something that's not going to happen meanwhile you know the Trump family yeah they're out there pushing it Eric Trump I I saw he he made a speech at a Bitcoin conference in Abu Dhabi uh today or yesterday whatever it was I was actually invited to that conference uh they uh offered to pay my airfare first class put me up in a hotel they even offered a small honorarium uh to get me to speak and you know I I would have liked to have spoken there but I just didn't want to take the time to make that long trip I mean they also tempted me with uh tickets to The Grand pre-race they had like a booth there it was you know it sounds like a good time but it's a long trip I just got back from my uh vacation we got winter break coming I I just didn't want to go all the way out uh to the Emirates um and you know with the time zone change and everything I mean maybe if they had said hey we got Michael sailor willing to debate you I might have been willing to tough it out but just to show up at a conference and you know and be the party pooper on bitcoin uh it was it wasn't worth it to maybe if it was in Miami but the point is I mean Eric is saying ridiculous things about Bitcoin absolutely ridiculous things not quite as crazy as sailor uh but you know that's the family business now that that that they're in in fact I meant to mention this on my last podcast but when Bitcoin hit a 100,000 Donald Trump posted on Tru social which uh was reposted by one of his kids uh uh on on on X he said congratulations uh on $100,000 Bitcoin you're welcome right he said you're welcome meaning he understands that they can thank him but before anyone had a chance to thank Trump for helping push the price of Bitcoin to 100,000 he went out and did a preemptive you're welcome so he knows he's the reason that Bitcoin hit at that 100,000 he's the only reason it hit 100,000 had he not been elected it would probably be sub 50,000 right now and by the way micro saor average price St for micro strategy is finally over $60,000 per Bitcoin welcome to economy express your go-to destination for all things economics and finance whether you're an experienced investor an inquisitive student or just someone who wants to stay ahead in today's Ever Changing economic landscape you've come to the right place now let's get into the details of our news companies led by figures such as Michael sailor have poured billions into Bitcoin Acquisitions leveraging their balance sheets and issuing debt to do so shiff highlights the risks of such aggressive moves warning that these companies are not prepared for the catastrophic losses that could come if bitcoin's value plummets he adds that institutions lending money to these firms are taking enormous risks believing they are insulated from losses but shiff cautions that in a major downturn these safeguards May Fail now here's where shift takes a bold and controver Ral turn he criticizes recent proposals including one by Michael sailor advocating for the United States government to sell all its gold reserves and invest in Bitcoin shiff calls this idea not only asinine but a direct threat to National Security he argues that selling gold a globally trusted Reserve asset to buy Bitcoin would not only destabilize the US economy but also Empower foreign Nations to acquire American Gold leaving the us vulnerable shiff isn't alone in his skepticism he notes that even former US Treasury secretary Larry Summers dismissed the idea of a government Bitcoin Reserve as the craziest thing he's ever heard Schiff highlights the impracticality of such a reserve explaining that a functional Reserve must be liquid and available for use during economic crisis in contrast bitcoin's price volatility and speculative nature render it unsuitable for this role moreover he points out that legislation such as the Lumis bill which proposes a government Bitcoin Reserve lacks significant political support and is unlikely to become law turning to the broader Bitcoin Market shiff raises concerns about the concentration of Bitcoin ownership he reveals that within just one year Bitcoin ETFs along with companies like micro strategy and Mara have amassed 8% of all Bitcoin that will ever exist by comparison gold ETFs own only 1.6% of the above ground supply of gold after two decades of existence shiff warns that such concentrated ownership in Bitcoin poses a systemic risk if these entities were to liquidate their Holdings the resulting sell-off could crash the market he further explains that bitcoin's daily trading volume is insufficient to absorb such a liquidation creating a precarious situation for investors shiff also addresses the political fluence surrounding bitcoin's rise he notes that prominent figures including members of the Trump family have publicly endorsed Bitcoin further fueling its speculative bubble he shares a particularly striking anecdote about Donald Trump taking credit for bitcoin's rise to $100,000 claiming it as a direct result of his policies Schiff however sees this as an example of political opportunism rather than genuine economic Insight in a striking comparison shiff contrasts Bitcoin with gold emphasizing Gold's enduring stability and Universal trust as a store of value he notes that Gold's Market has the depth and liquidity to withstand significant sell-offs unlike Bitcoin which he describes as a shallow market dominated by speculative Traders shiff cautions investors to recognize the difference between a tangible time-tested asset like gold and a highly speculative digital currency before we wrap up let's reflect on shift's overarching message Bitcoin May glitter like gold but beneath its shiny exterior lies what he describes as an unsustainable bubble he urges investors to think critically and consider the risks of chasing speculative gains in Bitcoin shiff advocates for a return to fundamental assets like gold and silver which he sees as reliable safeguards against economic instability here at the economy Express Channel we bring you perspectives that challenge the status quo and Spark critical thinking Peter schiff's passionate critique is a reminder to all investors stay informed ask tough questions and make decisions grounded in long-term value not short-term hype that's all for today's edition of economy Express we'll see you next time with more insights analyses and expert opinions until then stay sharp stay invested and remember knowledge is your greatest asset good night e
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