Why Crypto Enthusiasts Are Keeping Close Watch on the Fed

From youtube.com/bloombergquicktake

The crypto space is experiencing huge uncertainty heading into 2022. High inflation, on the one hand, has created support from investors seeking a store of value. On the other hand, the Fed’s imminent series of interest rate hikes will inevitably dampen the appetite for riskier assets. What’s the overall outlook for crypto in 2022, and what role will Fed policy play in the outcome?