
BoA’s Three-Condition Hike Talk Could Test Bitcoin’s Fortitude
Bank of America’s note says the Fed would likely hike rates only if Powell’s tenure lasts longer than expected, unemployment stays below 4.5%, and energy-price spillovers push broader inflation; higher energy and shipping costs could lift prices. Analysts warn a rate rise would pressure Bitcoin and stocks in the near term, but the crypto could later benefit as a currency-debasement hedge, with Bitcoin hovering around $70,000 after a spike toward the mid-$70,000s.


