Peter Schiff responds to Tom Lee: Bitcoin trend cannot be simply attributed to Fed policy
Source: Odaily
Time: 2025-09-09 14:26:11
Odaily Planet Daily News In response to Tom Lee's claim that the Fed's two-month unrate interest rate hike is the reason why Bitcoin failed to rise, economist Peter Schiff said on the X platform that Bitcoin has not benefited like gold. Gold prices have risen 10% and hit an all-time high of $3,650 under expectations of interest rate cuts, so Bitcoin’s recent trend cannot be simply attributed to Fed policy. He also criticized Tom Lee for his view that Bitcoin could easily rise to $200,000 after a rate cut, and pointed out that Bitcoin still has the possibility of falling below $100,000.