Peter Schiff Responds to Tom Lee: You Can't Simply Blame the Federal Reserve for Bitcoin's Recent Failure to Rise
2025-09-09 06:23:43
In response to Tom Lee's previous statement that the Federal Reserve's suspension of interest rate hikes for two months was the reason why Bitcoin failed to rise during this period, economist Peter Schiff responded on the X platform that Bitcoin did not follow in the footsteps of gold, because the price of gold rose 10% before the Federal Reserve was about to cut interest rates and hit an all-time high of $3650, so Tom Lee cannot simply blame the Federal Reserve for the failure of Bitcoin to rise recently. Similarly, Tom Lee believes that if the Federal Reserve cuts interest rates, Bitcoin can easily rise to $200,000. The idea is too simple, and Bitcoin has the possibility of falling below $100,000.
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