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Peter Schiff: It would be a major policy mistake for the Fed to cut interest rates while inflation is rising; BTC has not only failed to break through but also shows signs of reaching a peak.
On September 14, economist and cryptocurrency critic Peter Schiff tweeted that "the Fed may be about to make a significant policy mistake—cutting interest rates while inflation is rising. Gold and silver have broken out, with mining stocks leading the charge, confirming the market trend. However, Bitcoin has not only failed to break out but has also shown signs of peaking, and investors may need to reassess their Holdings strategy."