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 out but is showing signs of peaking.
ChainCatcher News, 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 showing signs of topping out, so investors may need to reassess their portfolio strategies."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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