Schiff: Investors sell Bitcoin

Peter Schiff of Echelon Wealth Partners claims that both risk-tolerant and risk-averse investors are selling Bitcoin, questioning whether Bitcoin holders are concerned about the cryptocurrency falling behind record stocks and gold. He asserted that the Fed's rate cut at a time of rising inflation was a "major policy mistake" and believed that interest rates should be raised again. Bitcoin price is still 6.2% below its August peak of $124,128.