Fed Has ‘Limited Firepower’ for Rate Hikes, Current Expectations Already Priced in for Bitcoin – CoinShares

The US Federal Reserve (Fed) has “limited firepower” to raise interest rates due to high oil prices and a threat of recession — and this could lead to higher bitcoin (BTC) prices, the crypto research and investment firm CoinShares has said. Meanwhile, others also remain positive for the long-term, saying bitcoin’s network effects make it likely to succeed.