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Peter Schiff responds to Tom Lee: Bitcoin trend cannot be simply attributed to Fed policy
Summary: In response to Tom Lee's statement that Bitcoin did not rise due to the Fed's decision not to raise interest rates for two months, economist Peter Schiff stated on X platform that Bitcoin did not benefit like gold. The price of gold has risen 10% and reached a historical high of $3650 under the expectation ...
In response to Tom Lee's statement that Bitcoin did not rise due to the Fed's decision not to raise interest rates for two months, economist Peter Schiff stated on X platform that Bitcoin did not benefit like gold. The price of gold has risen 10% and reached a historical high of $3650 under the expectation of rate cuts, so the recent trend of Bitcoin cannot simply be attributed to Fed policy. He also criticized Tom Lee's view that Bitcoin could easily rise to $200,000 after rate cuts as too one-sided, and pointed out that Bitcoin still has the possibility of falling below $100,000.
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Link: Peter Schiff responds to Tom Lee: Bitcoin trend cannot be simply attributed to Fed policy [Copy]
