Well, I say, old bean, it appears the Bitcoin balloon is showing signs of deflating just as the chaps at the Federal Reserve prepare to tinker with their rate-cutting gizmo on September 17. Peter Schiff, that incorrigible crypto curmudgeon, has piped up again, warning that Bitcoin is “topping out” faster than a tipsy toff at a champagne fountain. Over the weekend, Bitcoin (BTC) and its crypto chums faced a spot of selling pressure, despite a 4% weekly jolly. The poor chap canât seem to breach the $116,000 barrier, no matter how hard it tries.
Schiff, never one to mince words, has taken a swipe at the Fedâs impending monetary policy pivot. Analysts are chattering about a 25-basis-point rate cut, but our dear Peter reckons lowering rates in the face of rising inflation is like trying to douse a bonfire with a teacup. “The Fed is about to make a major policy mistake,” he trilled, as jolly as a magpie with a pocket watch. “Gold and silver are breaking out, but Bitcoin? Oh, itâs topping out. Time to change horses, HODLers!”
đ© “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
Traditional Assets: The Dapper Darlings of the Market
Schiff, ever the traditionalist, pointed out that old-school safe-haven assets like gold and silver are having a spiffing time, while Bitcoin is looking as lively as a three-day-old scone. “The NASDAQ and S&P hit new record highs, and gold hit a new record high,” he noted, with a hint of smugness. “Bitcoin, however, is still 15% below its 2021 peak priced in gold. Bit of a worry, what?”
He also remarked that Bitcoin hasnât quite caught the Fed rate cut fever. While investors are snapping up risk assets and safe havens like thereâs no tomorrow, theyâre giving Bitcoin the cold shoulder. After last weekâs crypto rally, many are sitting on the sidelines, nursing their teacups and waiting for the next move.
Rate Cuts and Crypto: A Complicated Tango
Goldman Sachs, those clever coves, predict the Fed will slash rates three times-in September, October, and December-with further cuts in 2026, potentially bringing rates down to 3-3.25%. Historically, digital assets like Bitcoin tend to bottom out before U.S. equities, but this September, altcoins have been stealing the show, hinting at an altcoin season.
Market whiz Ted Pillows chimed in, noting that U.S. interest rate cuts often spell short-term gloom for risk assets. “Rate cuts are generally bearish in the short term,” he explained. “The Fed only cuts rates when the economyâs in a spot of bother. Just look at U.S. stock indices three months after the first rate cut-S&P 500: flat as a pancake; Nasdaq: barely positive; Russell 1000 and Russell 2000: not much to write home about.”
𧠓Rate cuts are generally bearish in the short term.
This is because the Fed usually cuts rates when the economy is in some turmoil.
Just take a look at US stock indices after 3 months of the first rate cut.
S&P 500: Flat
Nasdaq: Barely positive
Russell 1000 and Russell 2000:⊔ – Ted (@TedPillows) September 14, 2025
For now, all eyes are on Bitcoinâs reaction to the Fedâs decision. The rate cut cycle could set the stage for the next big market trend, so grab your monocles and stay tuned, old sport!
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2025-09-15 10:14