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Peter Schiff responds to Tom Lee: The Federal Reserve cannot simply be blamed for Bitcoin's recent failure to rise "

Internet reports that in response to Tom Lee's previous statement that the Federal Reserve's two-month suspension of interest rate hikes was the reason why Bitcoin failed to rise during this period, economist Peter Schiff issued a response on Platform X saying that Bitcoin did not follow in the footsteps of gold because the price of gold rose by 10% and hit a historical high of $3650 before the Federal Reserve was about to cut interest rates. Therefore, Tom Lee cannot simply blame the Federal Reserve for Bitcoin's recent failure to rise. Similarly, Tom Lee believes that the idea that Bitcoin can easily rise to $200,000 if the Federal Reserve cuts interest rates is too simple, and there is a possibility that Bitcoin will fall below $100,000.

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