Golden Finance reported that gold advocate and economist Peter Schiff said that Bitcoin's recent performance shows why it is not suitable to be a reserve asset. When everything is falling, Bitcoin falls the most. How can you use a reserve asset that falls more than the asset you are hedging? In addition, Peter Schiff also said that the right thing for the Federal Reserve to do now is to raise interest rates further and let everything take its course. Of course, the stock market will collapse, the real estate market will collapse, and we will have a hard landing. This will be a recession. But unfortunately, this is what we need. Not because it is interesting, but because it is necessary. Now, if you don't want to go through this necessary collapse, then the Federal Reserve should not make a deal with the devil, because sooner or later the devil will come to collect the debt.