Peter Schiff: If the Federal Reserve cuts interest rates while inflation is rising, it will be a major policy mistake. Bitcoin has not only failed to break through but has also shown signs of peaking

ChainCatcher message, economist and cryptocurrency critic Peter Schiff posted on social media, "The Federal Reserve may be about to make a major policy mistake—cutting interest rates while inflation is rising. Gold and silver have broken out to the upside, with mining stocks leading the charge, confirming the market.

However, Bitcoin has not only failed to break out but has shown signs of peaking, and investors may need to reassess their holding strategies."