{"id":208044,"date":"2025-11-17T09:16:01","date_gmt":"2025-11-17T09:16:01","guid":{"rendered":"https:\/\/cryptonews.com\/cn\/?p=208044"},"modified":"2025-11-17T09:11:25","modified_gmt":"2025-11-17T09:11:25","slug":"strategy-bankruptcy-fears-bitcoin-weak-20-percent-above-cost-basis","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/cn\/news\/strategy-bankruptcy-fears-bitcoin-weak-20-percent-above-cost-basis\/","title":{"rendered":"\u6bd4\u7279\u5e01\u8d70\u5f31\u4e4b\u9645 Strategy \u7834\u4ea7\u8bba\u518d\u73b0 \u8ddd\u79bb\u6210\u672c\u4ef7\u53ea\u5dee\u7ea620\uff05"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u5728\u6bd4\u7279\u5e01\u8dcc\u7834\u5341\u4e07\u7f8e\u5143\u3001Strategy\uff08MSTR\uff09\u80a1\u4ef7\u540c\u6b65\u8d70\u5f31\u7684\u80cc\u666f\u4e0b\uff0c\u8fd9\u5bb6\u201c\u628a\u516c\u53f8\u8d44\u4ea7\u5f53\u6bd4\u7279\u5e01 ETF \u4f7f\u2f64\u201d\u7684\u516c\u53f8\u518d\u6b21\u6210\u4e3a\u5e02\u573a\u4e89\u8bae\u7126\u70b9\u3002\u5916\u754c\u5f00\u59cb\u8d28\u7591\uff1a\u5728\u9ad8\u6760\u6746\u4e0e\u9ad8\u6ce2\u52a8\u4ea4\u7ec7\u7684\u73af\u5883\u4e2d\uff0cMichael Saylor \u6240\u4e3b\u5bfc\u7684\u6fc0\u8fdb\u56e4\u5e01\u7b56\u7565\uff0c\u662f\u5426\u8fd8\u80fd\u6491\u5f97\u4f4f\u66f4\u957f\u65f6\u95f4\u7684\u9707\u8361\uff1f\u5982\u679c\u5e01\u4ef7\u548c\u80a1\u4ef7\u6301\u7eed\u75b2\u8f6f\uff0cStrategy \u4f1a\u4e0d\u4f1a\u88ab\u8feb\u5356\u5e01\u7ef4\u6301\u73b0\u91d1\u6d41\uff1f<\/p><h2 class=\"wp-block-heading\"> Peter Schiff\uff1a Strategy\u7684\u5546\u4e1a\u6a21\u5f0f\u5c31\u662f\u9a97\u5c40<\/h2><span class=\"replacer\"><\/span><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">MSTR\u2019s entire business model is a fraud. Saylor and I will both be speaking at Binance Blockchain Week in Dubai in early December. I challenge <a href=\"https:\/\/twitter.com\/saylor?ref_src=twsrc%5Etfw\">@saylor<\/a> to debate this proposition with me. Regardless of what happens to Bitcoin, I believe <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> will eventually go bankrupt. Let\u2019s go!<\/p>&mdash; Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1990114632577478751?ref_src=twsrc%5Etfw\">November 16, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p class=\"wp-block-paragraph\">\u957f\u671f\u5531\u7a7a\u6bd4\u7279\u5e01\u7684 Peter Schiff \u518d\u5ea6\u626e\u6f14\u201c\u5934\u53f7\u70ae\u624b\u201d\u3002\u4ed6 17 \u65e5\u51cc\u6668\u5728 X \u4e0a\u8fde\u53d1\u8d34\u6587\uff0c\u6307\u63a7 Strategy \u7684\u5546\u4e1a\u6a21\u5f0f\u4e25\u91cd\u4f9d\u8d56\u201c\u8ffd\u6c42\u9ad8\u6536\u76ca\u201d\u7684\u6295\u8d44\u8005\u8d2d\u4e70\u5176\u9ad8\u606f\u4f18\u5148\u80a1\uff0c\u4f46\u516c\u53f8\u672c\u8eab\u5e76\u6ca1\u6709\u80fd\u529b\u957f\u671f\u652f\u4ed8\u8fd9\u4e9b\u9ad8\u5229\u606f\u3002\u4ed6\u8b66\u544a\uff0c\u4e00\u65e6\u4f18\u5148\u80a1\u9700\u6c42\u51cf\u5f31\uff0c\u8fd9\u5957\u7ed3\u6784\u53ef\u80fd\u9677\u5165\u201c\u6b7b\u4ea1\u87ba\u65cb\u201d\uff0c\u751a\u81f3\u76f4\u8a00 Strategy \u201c\u6700\u7ec8\u4f1a\u7834\u4ea7\u201d\u3002Schiff \u8fd8\u5411 Saylor \u4e0b\u6218\u4e66\uff0c\u7528\u8bcd\u66f4\u6fc0\u70c8\uff0c\u76f4\u6307Strategy \u7684\u5546\u4e1a\u6a21\u5f0f\u5c31\u662f\u4e00\u4e2a\u9a97\u5c40\uff0c\u5e76\u516c\u5f00\u9080Saylor\u5728 12 \u6708\u7684 Binance Blockchain Week \u4e0a\u8fdb\u884c\u73b0\u573a\u8fa9\u8bba\u3002<\/p><p class=\"wp-block-paragraph\">\u6709\u793e\u7fa4\u53cd\u9a73\uff0c\u90a3\u6295\u8d44\u7ebd\u8499\u7279\u77ff\u4e1a(NEM)\u662f\u5426\u540c\u6837\u662f\u9a97\u5c40\uff0cPeter Schiff  \u76f4\u63a5\u53cd\u51fb\uff0c\u6307NEM \u662f\u4e00\u5bb6\u771f\u6b63\u7684\u4f01\u4e1a\uff0c\u6709\u5b9e\u9645\u8425\u8fd0\u83b7\u5229\uff0c\u4e5f\u4f1a\u53d1\u653e\u80a1\u606f\uff0c\u8fd9\u4e9b\u83b7\u5229\u8db3\u4ee5\u652f\u4ed8\u501f\u6b3e\u5229\u606f\uff0c\u5e76\u6700\u7ec8\u507f\u8fd8\u501f\u6b3e\u672c\u91d1\u3002<\/p><h2 class=\"wp-block-heading\">Strategy\u51e0\u4e4e\u4e0d\u53ef\u80fd\u5356\u6bd4\u7279\u5e01<\/h2><span class=\"replacer\"><\/span><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">I will never understand the fascination with Michael Saylor \/ <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> nor will I understand how people can confidently spout such stupid, inaccurate takes that are so easily disprovable.<br><br>It takes &lt;5 minutes talking to any debt\/equity expert to understand that he will never have to\u2026<\/p>&mdash; Jeff Dorman (@jdorman81) <a href=\"https:\/\/twitter.com\/jdorman81\/status\/1990190389039653173?ref_src=twsrc%5Etfw\">November 16, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p class=\"wp-block-paragraph\">\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8 Arca \u7684\u9996\u5e2d\u6295\u8d44\u5b98 Jeff Dorman \u4e5f\u5728 X \u4e0a\u53d1\u6587\u53cd\u51fb\uff0c\u6307\u51fa\u8fd1\u671f\u7f51\u7edc\u6d41\u4f20\u7684\u8bb8\u591a\u89c2\u70b9\u201c\u4e25\u91cd\u8bef\u8bfb Strategy \u7684\u771f\u5b9e\u8d22\u52a1\u72b6\u51b5\u201d\u3002\u867d\u7136\u4ed6\u672a\u70b9\u540d Schiff\uff0c\u4f46\u5916\u754c\u8ba4\u4e3a\u662f\u9488\u5bf9\u5176\u8a00\u8bba\u56de\u5e94\u3002<\/p><p class=\"wp-block-paragraph\">Dorman \u5f3a\u8c03\uff0cSaylor \u6301\u6709\u516c\u53f8 \u7ea6 42% \u7684\u80a1\u6743\uff0c\u8fd9\u6837\u7684\u80a1\u6743\u7ed3\u6784\u51e0\u4e4e\u6392\u9664\u4e86\u6fc0\u8fdb\u80a1\u4e1c\u6216\u5916\u90e8\u52bf\u529b\u5f3a\u884c\u5e72\u9884\u3001\u903c\u516c\u53f8\u5356\u5e01\u7684\u53ef\u80fd\u6027\u3002\u4ed6\u8fdb\u4e00\u6b65\u6307\u51fa\uff0cStrategy \u7684\u6240\u6709\u503a\u52a1\u6761\u6b3e\u4e2d\uff0c\u5e76\u4e0d\u5b58\u5728\u201c\u6bd4\u7279\u5e01\u4ef7\u683c\u4e0b\u8dcc\u5c31\u5fc5\u987b\u5f3a\u5236\u5356\u5e01\u8fd8\u503a\u201d\u7684\u673a\u5236\uff0c\u56e0\u6b64\u5c31\u7b97 BTC \u51fa\u73b0\u6df1\u5ea6\u56de\u8c03\uff0c\u503a\u6743\u4eba\u4e5f\u65e0\u6cd5\u8981\u6c42\u516c\u53f8\u88ab\u52a8\u6e05\u7b97\u6301\u4ed3\u3002<strong>\u53e6\u5916\uff0c\u6295\u8d44\u4eba\u90fd\u662f\u7f8a\u7fa4\uff0c\u591a\u6570\u60c5\u51b5\u4e0b\u90fd\u4f1a\u9009\u62e9\u5c55\u671f\u7eed\u501f\uff0c\u5f53\u4f5c\u6ca1\u4e8b\uff08extend and pretend\uff09<\/strong><\/p><p class=\"wp-block-paragraph\">\u4ed6\u8fd8\u8865\u5145\uff0cStrategy \u7684\u8f6f\u4ef6\u4e1a\u52a1\u4ecd\u6301\u7eed\u4ea7\u751f\u6b63\u5411\u73b0\u91d1\u6d41\uff0c\u53ef\u8986\u76d6\u5229\u606f\u652f\u51fa\uff1b\u5e02\u573a\u4e0a\u591a\u534a\u662f\u503a\u52a1\u5230\u671f\u540e\u534f\u5546\u5c55\u671f\u6216\u91cd\u8c08\u6761\u4ef6\uff0c\u800c\u4e0d\u662f\u76f4\u63a5\u8fdd\u7ea6\u3002\u5916\u754c\u6e32\u67d3\u7684\u201c\u968f\u65f6\u8981\u7206\u70b8\u201d\uff0c\u4e0e\u5b9e\u9645\u60c5\u51b5\u76f8\u53bb\u751a\u8fdc\u3002<\/p><p class=\"wp-block-paragraph\"><strong>\u4e0d\u8fc7\uff0c\u4ed6\u4e5f\u63d0\u5230\u4e00\u70b9\u4ecd\u662f\u4f1a\u89e6\u53d1\u5356\u5e01\u7684\u6761\u4ef6\uff0c\u5c31\u662f\u6bd4\u7279\u5e01\u8dcc\u5230\u975e\u5e38\u79bb\u8c31\u7684\u7a0b\u5ea6\uff0c\u800c\u622a\u81f3\u4e0a\u5468\u6570\u636e\uff0cStrategy\u6301\u4ed3\u5e73\u5747\u6210\u672c\u4e3a\u6bcf\u679a\u6bd4\u7279\u5e01\u7ea6 $74,000\u7f8e\u5143\uff0c\u8ddd\u79bb\u73b0\u65f6\u7ea695,000\u7f8e\u5143\u4ecd\u670922\uff05\u7684\u4e0b\u8dcc\u7a7a\u95f4\u3002<\/strong><\/p><h2 class=\"wp-block-heading\" id=\"block-c162af91-e049-46c0-816f-3d8b2de5a325\">Bitcoin Hyper\uff1a\u5728 Solana \u4e4b\u4e0a\u7684\u4e0b\u4e00\u4ee3\u300c\u6bd4\u7279\u5e01\u5f62\u6001\u300d\uff1f<\/h2><span class=\"replacer\"><\/span><p class=\"wp-block-paragraph\" id=\"block-e8a4534c-5a7f-4985-b11a-0aa14b49a0ae\"><a href=\"https:\/\/cryptonews.com\/cn\/ext\/btchyper-cn\/\" rel=\" sponsored nofollow\">Bitcoin Hyper ($HYPER)<\/a> \u6b63\u8bd5\u56fe\u4e3a\u6bd4\u7279\u5e01\u751f\u6001\u5f00\u542f\u4e00\u4e2a\u5168\u65b0\u9636\u6bb5\u3002BTC \u4f9d\u7136\u662f\u5b89\u5168\u6027\u7684\u9ec4\u91d1\u6807\u51c6\uff0c\u800c Bitcoin Hyper \u8981\u8865\u4e0a\u7684\uff0c\u5c31\u662f\u5b83\u957f\u671f\u7f3a\u5931\u7684\u90a3\u4e00\u5757\uff1aSolana \u7ea7\u7684\u901f\u5ea6\u3002<\/p><p class=\"wp-block-paragraph\" id=\"block-54d497b3-eabb-41be-bce0-d1761282110c\">\u4f5c\u4e3a\u9996\u4e2a\u7531 Solana \u865a\u62df\u673a\uff08SVM\uff09\u9a71\u52a8\u7684\u300c\u6bd4\u7279\u5e01\u539f\u751f\u4e8c\u5c42\u300d\uff08Layer 2\uff09\uff0cBitcoin Hyper \u628a\u6bd4\u7279\u5e01\u7684\u7a33\u5065\uff0c\u4e0e Solana \u7684\u9ad8\u6027\u80fd\u67b6\u6784\u7ed3\u5408\u5728\u4e00\u8d77\u3002\u5176\u7ed3\u679c\u662f\uff1a\u5728\u6bd4\u7279\u5e01\u5b89\u5168\u6027\u52a0\u6301\u4e4b\u4e0b\uff0c\u7528\u6237\u53ef\u4ee5\u4eab\u53d7\u95ea\u7535\u822c\u7684\u4f4e\u6210\u672c\u667a\u80fd\u5408\u7ea6\u3001\u53bb\u4e2d\u5fc3\u5316\u5e94\u7528\uff0c\u751a\u81f3\u4e00\u952e\u53d1 meme \u5e01\u7684\u4f53\u9a8c\u3002<\/p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"642\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/11\/2025\/11\/13035728\/31-3-1024x642.jpg\" alt=\"\" class=\"wp-image-207869\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/sites\/11\/2025\/11\/13035728\/31-3-1024x642.jpg 1024w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/11\/2025\/11\/13035728\/31-3-300x188.jpg 300w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/11\/2025\/11\/13035728\/31-3-768x481.jpg 768w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/11\/2025\/11\/13035728\/31-3-1536x963.jpg 1536w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/11\/2025\/11\/13035728\/31-3-2048x1283.jpg 2048w, https:\/\/cimg.co\/wp-content\/uploads\/sites\/11\/2025\/11\/13035728\/31-3-450x282.jpg 450w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption class=\"wp-element-caption\">\u622a\u56fe<\/figcaption><\/figure><p class=\"wp-block-paragraph\" id=\"block-12c121c4-8e91-4c34-989d-70ce35bb9e21\"><\/p><p class=\"wp-block-paragraph\" id=\"block-a41ba8d1-231c-49c9-a842-6219e67ee073\">\u7ecf\u8fc7<a href=\"https:\/\/coinsult.net\/projects\/bitcoin-hyper\">Consult<\/a>\u5ba1\u8ba1\u4e4b\u540e\uff0c\u9879\u76ee\u5728\u5feb\u901f\u6269\u5f20\u7684\u540c\u65f6\uff0c\u66f4\u52a0\u5f3a\u8c03\u300c\u4fe1\u4efb\u300d\u4e0e\u300c\u53ef\u6269\u5c55\u6027\u300d\u3002\u76ee\u524d\u52a8\u80fd\u5df2\u7ecf\u76f8\u5f53\u5f3a\u52b2\uff1a\u9884\u552e\u89c4\u6a21\u5df2\u7a81\u7834 2,700 \u4e07\u7f8e\u5143\uff0c\u4ee3\u5e01\u5f53\u524d\u4ef7\u683c\u4ec5\u4e3a 0.013265 \u7f8e\u5143\uff0c\u4e0b\u4e00\u8f6e\u6da8\u4ef7\u5373\u5c06\u5230\u6765\u3002<\/p><p class=\"wp-block-paragraph\" id=\"block-a41ba8d1-231c-49c9-a842-6219e67ee073\">\u968f\u7740\u6bd4\u7279\u5e01\u94fe\u4e0a\u6d3b\u8dc3\u5ea6\u56de\u5347\u3001\u5e02\u573a\u5bf9\u9ad8\u6548 BTC \u751f\u6001\u5e94\u7528\u7684\u9700\u6c42\u6301\u7eed\u8d70\u9ad8\uff0c<a href=\"https:\/\/bitcoinhyper.com\/zh-hans\">Bitcoin Hyper <\/a>\u6b63\u9010\u6e10\u6d6e\u73b0\u4e3a\u8fde\u63a5\u4e24\u5927\u516c\u94fe\u751f\u6001\u7684\u5173\u952e\u6865\u6881\u3002\u4e00\u53e5\u8bdd\u6982\u62ec\uff1a\u6bd4\u7279\u5e01\u6253\u597d\u5730\u57fa\uff0cBitcoin Hyper \u8d1f\u8d23\u628a\u5b83\u53d8\u5f97\u66f4\u5feb\u3001\u66f4\u7075\u6d3b\u3001\u66f4\u597d\u73a9\u3002<\/p><p class=\"wp-block-paragraph\" id=\"block-8e7fa3fa-a3e9-4f8b-9945-897e10fe2186\"><a href=\"https:\/\/cryptonews.com\/cn\/cryptocurrency\/how-to-buy-bitcoin-hyper\/\" target=\"_blank\" class=\"cta-content-button\">\u5982\u4f55\u8d2d\u4e70Bitcoin Hyper\u7b80\u5355\u6307\u5357<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u5728\u6bd4\u7279\u5e01\u8dcc\u7834\u5341\u4e07\u7f8e\u5143\u3001Strategy\uff08MSTR\uff09\u80a1\u4ef7\u540c\u6b65\u8d70\u5f31\u7684\u80cc\u666f\u4e0b\uff0c\u8fd9\u5bb6\u201c\u628a\u516c\u53f8\u8d44\u4ea7\u5f53\u6bd4\u7279\u5e01 ETF \u4f7f\u2f64 [&hellip;]<\/p>\n","protected":false},"author":308,"featured_media":208046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[69],"editors":[1080],"sponsored_companies":[],"class_list":["post-208044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bi-te-bi","editors-allen-li"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u6bd4\u7279\u5e01\u8d70\u5f31\u4e4b\u9645 Strategy \u7834\u4ea7\u8bba\u518d\u73b0 \u8ddd\u79bb\u6210\u672c\u4ef7\u53ea\u5dee\u7ea620\uff05<\/title>\n<meta name=\"description\" content=\"\u5728\u6bd4\u7279\u5e01\u8dcc\u7834\u5341\u4e07\u7f8e\u5143\u3001Strategy\uff08MSTR\uff09\u80a1\u4ef7\u540c\u6b65\u8d70\u5f31\u7684\u80cc\u666f\u4e0b\uff0c\u8fd9\u5bb6\u201c\u628a\u516c\u53f8\u8d44\u4ea7\u5f53\u6bd4\u7279\u5e01 ETF \u4f7f\u2f64\u201d\u7684\u516c\u53f8\u518d\u6b21\u6210\u4e3a\u5e02\u573a\u4e89\u8bae\u7126\u70b9\u3002\u5916\u754c\u5f00\u59cb\u8d28\u7591\uff1a\u5728\u9ad8\u6760\u6746\u4e0e\u9ad8\u6ce2\u52a8\u4ea4\u7ec7\u7684\u73af\u5883\u4e2d\uff0cMichael Saylor \u6240\u4e3b\u5bfc\u7684\u6fc0\u8fdb\u56e4\u5e01\u7b56\u7565\uff0c\u662f\u5426\u8fd8\u80fd\u6491\u5f97\u4f4f\u66f4\u957f\u65f6\u95f4\u7684\u9707\u8361\uff1f\u5982\u679c\u5e01\u4ef7\u548c\u80a1\u4ef7\u6301\u7eed\u75b2\u8f6f\uff0cStrategy \u4f1a\u4e0d\u4f1a\u88ab\u8feb\u5356\u5e01\u7ef4\u6301\u73b0\u91d1\u6d41\uff1f\" 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