Bitcoin Magazine

Peter Schiff: “The Fed Has Already Lost The Battle Against Inflation” & BTC vs GOLD Debate

Peter Schiff says the bond market didn’t break recently, it broke in 2020, and everything since has been a slow unwind. Across this conversation with Grace Remington and Sean Hagan, he connects rising Treasury yields, the Fed’s expected rate decision, the dollar’s loss of purchasing power, and the central bank rush into gold. He argues that a stock selloff driven by higher rates would be deeply bearish for Bitcoin and the broader crypto market, and that political capital in Washington has already turned against it. The episode ends with Schiff and the hosts going head to head on whether anything actually backs Bitcoin.

00:00 — Peter Schiff says the bond market already broke in 2020
01:44 — How long the Treasury bear market could realistically last
04:18 — What Schiff would enact to actually bring inflation down
06:32 — Spending cuts, higher rates, and the recession nobody will accept
07:39 — Are we in the early stages of a dollar crisis?
08:26 — Rate hike odds and whether Warsh surprises the market
10:51 — Why Schiff calls it a cosmetic hike with no credibility behind it
12:33 — Why gold ran to 5,500 while Bitcoin lagged 23% off its highs
14:20 — Bitcoin priced in gold and the case that it peaked in 2021
17:29 — Tokenized gold vs Bitcoin: counterparty risk and what backs money

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Peter Schiff: “The Fed Has Already Lost The Battle Against Inflation” & BTC vs GOLD Debate first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Strike CEO Jack Mallers: Inflation Outlook, Bond Stress and BTC vs Gold

US debt-to-GDP has pushed past 120%, and Jack Mallers thinks the debate over whether the Fed hikes or cuts is beside the point, both roads lead to inflation. The Strike founder and CEO joins Bitcoin Magazine to explain why he told investors to study Japan, where outright yield curve control and central planning intervention are now required to hold the currency together. He argues the US is heading to the same place and that Bitcoin, as the asset most sensitive to fiat liquidity, is the fastest horse in that environment. Mallers also breaks down Strike’s shift into Bitcoin-backed lending and what it means to build a full Bitcoin financial stack under one roof.

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Strike CEO Jack Mallers: Inflation Outlook, Bond Stress and BTC vs Gold first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Bitcoin Price Spikes, Shrugs off Hot US Inflation Data

Bitcoin’s price rose on Friday — despite data revealing that U.S. inflation had risen. 

The biggest cryptocurrency by market cap was recently trading for close to $78,749 after jumping 2% over a 24-hour period. At one point on Friday morning in New York, bitcoin rose as high as $79,607. 

Bitcoin’s price spike came after news dropped that U.S. consumer prices accelerated in August, reinforcing ​expectations that the Federal Reserve will raise interest rates next week.

The consumer price index, excluding food and energy, climbed 0.3% in August from a month earlier, which was higher than expected. 

Inflation in the U.S. has been difficult to tame due to the war with Iran, which has lifted oil prices, in turn raising the costs of food, gasoline and other goods. 

Higher inflation typically means the Federal Reserve will raise interest rates, which in turn could stop bitcoin’s price climbing higher. 

According to CME’s FedWatch tool, traders think there is a 85% chance interest rates will be higher by next week. The Federal Reserve will meet next week and reveal what it will do with borrowing costs. 

Bitcoin has typically performed well in a low interest rate environment because it means people can buy more of the cryptocurrency with increased liquidity. 

Federal Reserve Chairman Kevin Warsh, who took the helm in January, last month gave his first speech as head of the U.S. central bank and said he had “more work to do” to fight inflation. 

The U.S. is currently in the grips of an affordability crisis and rising oil prices are a hot topic ahead of the midterm elections. 

U.S. President Donald Trump has reassured voters that prices will get under control and repeatedly put pressure on the central bank to lower interest rates. 

Bitcoin in August had its biggest run in years following positive regulatory news and an announcement from the U.S. Treasury. 

Treasury Secretary Scott Bessent announced the department would double the size of its long-dated bond buybacks, helping non-yielding assets like bitcoin and gold. The cryptocurrency then benefited from President Trump urging lawmakers to get key crypto legislation, the Clarity Act, over the line. 

This post Bitcoin Price Spikes, Shrugs off Hot US Inflation Data first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Yawns As Fed’s Favorite Inflation Gauge Eases 

Bitcoin’s price dipped slightly before remaining mostly steady after data on Wednesday showed that U.S. inflation was subdued. 

The price of the largest cryptocurrency recently stood at $63,863, mostly unmoved over a 24-hour period. Over the past week, Bitcoin is also flat. 

The core consumer price index, which excludes often-volatile food and energy categories, rose 0.2% from a month earlier and increased 2.5% from a year earlier — the slowest pace since March 2021.

Energy and gas prices fell for a second month and grocery prices dropped for the first time since March, according to the print. 

The news takes the pressure off Federal Reserve Chairman Kevin Warsh to raise interest rates in September. 

Softer inflation data eases the path toward rate cuts, and lower rates reduce the opportunity cost of holding an asset that pays no yield. Bitcoin has typically performed well in a low-interest rate environment. 

Sticky inflation in the world’s biggest economy has led the Federal Reserve to take a cautious approach with interest rates. Despite Wednesday’s softer inflation data, prices are still higher ​than they were a year ago and wages in the U.S. are not keeping up.

Bitcoin has faced increased volatility since the U.S. and Israel attacked Iran in February, with the leading cryptocurrency dropping hard on initial reports of war. Bitcoin is now down nearly 30% year-to-date. 

Still, in recent weeks, investors have shown a growing appetite for the asset. Spot Bitcoin exchange-traded funds in the U.S. have experienced massive inflows — the biggest since April last week — despite negative news for the crypto industry: a massive exploit of the popular Coldcard Bitcoin hardware wallets last month shook crypto investors and a vote on the long-awaited digital asset market structure bill, the Clarity Act, has been delayed. 

This post Bitcoin Yawns As Fed’s Favorite Inflation Gauge Eases  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.