Peter Schiff: If the Federal Reserve cuts interest rates amid rising inflation, it will be a major policy mistake; BTC not only failed to break through but is also showing signs of peaking.
BlockBeats News, September 14 — Economist and cryptocurrency critic Peter Schiff tweeted, "The Federal Reserve may be about to make a major policy mistake—cutting interest rates while inflation is rising. Gold and silver have already broken out to the upside, with mining stocks leading the rally, confirming the trend. However, bitcoin has not broken out and is instead showing signs of peaking, so investors may need to reassess their portfolio strategies."
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