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."
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.
You may also like
BUZZ - Rigetti Computing shares drop as third-quarter results miss expectations
ArcelorMittal’s $900 million Brazil expansion plan trudges along as imports weigh on economics
Pyth Network Adds Real-Time NYSE Data to Expand Stock Market Access
Strategy holds more bitcoin than any ETF or government
Crypto prices
More
