Peter Schiff Warns Bitcoin Is 'Peaking' Ahead of Fed Rate Cut

• Peter Schiff says Bitcoin is losing momentum ahead of Fed rate cut.
• In his opinion, gold and silver are overtaking the first cryptocurrency.
• Meanwhile, the crypto community believes that the asset will show greater profits than gold.

Noted crypto skeptic and Euro Pacific Capital CEO Peter Schiff has once again taken a dig at Bitcoin, saying the asset is losing momentum just as the US Federal Reserve is preparing to cut interest rates.

The Fed is about to make a major policy mistake by cutting interest rates into rising inflation. Gold and silver have broken out, with the rally finally confirmed by mining stocks leading the way. Yet instead of breaking out, Bitcoin is topping out. Time to change horses HODLers.

— Peter Schiff (@PeterSchiff) September 14, 2025

“The Fed is about to make a big policy mistake by cutting rates while inflation is rising. Gold and silver have broken higher, and mining stocks are supporting the rally. Instead of breaking, Bitcoin is peaking. Time to change horses, HODLers,” Schiff wrote in X.

In his opinion, the dynamics of Bitcoin are significantly weaker than traditional defensive assets.

“Given the situation, if this was just consolidation, it should have broken out higher by now. The fact that Bitcoin is still 15% below its 2021 peak in gold terms should be a concern,” he said.

However, his pessimism was met with skepticism in the crypto community. One investor responded:

“I agree with you about the Fed's mistake. But you underestimate Bitcoin. […] It will likely break out and show much greater gains than gold and silver.”

Despite Schiff's warnings, analysts remain optimistic. In particular, Kraken's Dan Held noted that long-term demand factors play in favor of the first cryptocurrency, while market commentator Ted Pillows emphasized:

“Rate cuts are usually negative in the short term. But crypto markets usually bottom before U.S. stocks, and this time will be no different.”

Bitcoin futures positioning has improved somewhat ahead of the Federal Open Market Committee (FOMC) meeting, although selling pressure is prevalent in the spot market, according to CoinGlass.

Let us recall that this is not Schiff's first attack on Bitcoin this year. In April, he predicted the collapse of the crypto market due to the policies of the US President Donald Trump's administration.

Later in May, Schiff criticized US Vice President J.D. Vance's statements about the “riches” of Bitcoin, and in July he called the crypto bills in Congress an attempt to legalize a “Ponzi scheme.”

At the same time, BitMine CEO Tom Lee told CNBC that Bitcoin and Ethereum will be the main beneficiaries of the Fed's rate cut, predicting their sharp growth in the coming months.

Source: cryptonews.net