Fed's Hawkish Pivot May Not Last, Bitcoin Analysts Say

Fed's Hawkish Pivot May Not Last, Bitcoin Analysts Say
As markets swoon in the face of the Federal Reserve’s recent pivot to tackle inflation, some crypto analysts are already calling the U.S. central bank’s bluff.Bitcoin prices have plunged alongside stocks as the Fed moves to reverse nearly two years of emergency monetary stimulus. But some top crypto analysts argue that Fed Chair Jerome Powell and his colleagues may quickly back off from their new campaign to tighten monetary policy – due to worries that traditional markets, the banking system and the real economy can’t handle the higher borrowing costs.The analysis gets at the heart of economists’ debates these days…