The Interest rate hikes will blow up everything. The whole system will collapse. Banks won't be able to provide cash. People will lose all their savings in banks.
If they don't raise the rates, It will be hyperinflation then. The whole system will collapse anyway. This time asset prices will do full moon. GOLD= $10k. A loaf of potato = $50. People will die of starvation.
They can't pick their poison.
Banks will go poof!. People will panic. People will seek a mobile asset which they can spend easily which is also a store of value. That's not gold because it is not mobile.
We all know what it is.
BTC will be $100k, maybe even $250k but it will also bring a world war along with it. Then partying in Amsterdam won't look like a bright idea.