Peter Schiff responds to Tom Lee: Bitcoin's performance cannot be simply attributed to Fed policy

In response to Tom Lee's claim that the Fed's two-month delay in raising interest rates is the reason for Bitcoin's lack of appreciation, economist Peter Schiff stated on the X platform that Bitcoin hasn't benefited as much as gold. Gold prices have risen 10% on expectations of a rate cut, reaching a record high of $3,650. Therefore, Bitcoin's recent performance cannot be simply attributed to Fed policy. He also criticized Tom Lee's view that Bitcoin could easily reach $200,000 after the rate cut as overly one-sided, noting that Bitcoin could still fall below $100,000.