Peter Schiff responds to Tom Lee: You can't simply blame Bitcoin's recent failure to rise on the Fed.

According to a report by Jinse Finance, in response to Tom Lee's previous statement that the Fed's two-month pause on interest rate hikes was the reason Bitcoin failed to rise during this period, economist Peter Schiff wrote on the X platform saying that Bitcoin did not follow in the footsteps of gold, as gold prices rose by 10% to reach a historical high of $3650 before the Fed was about to cut rates. Therefore, Tom Lee cannot simply blame the recent lack of rise in Bitcoin on the Fed. Similarly, Tom Lee's belief that Bitcoin can easily rise to $200,000 if the Fed cuts rates is also overly simplistic, as there is a possibility that Bitcoin could fall below $100,000.