Bitcoin at $80K: Warsh’s Jackson Hole Speech Could Decide the Next Move
- Warsh’s Jackson Hole speech puts the dollar, Treasury yields, and Bitcoin in focus.
- A hawkish stance will lift the dollar and yields while putting pressure on crypto.
- Traders are watching for clues on inflation, rate hikes, and the Fed’s next policy move.
Federal Reserve Chair Kevin Warsh will give his first Jackson Hole speech on Friday, which will have a big impact on the U.S. dollar, Treasury yields, Bitcoin, and other cryptocurrencies.
Warsh will speak at 10 a.m. ET (2 p.m. GMT) at the Federal Reserve’s annual meeting in Wyoming. This year’s theme is “Financial Innovation: Implications for Payments and Policy.”
The speech comes at an important time for markets. U.S. inflation is still high, long-term Treasury yields are rising, and the Treasury plans to at least double its weekly purchases of existing government debt starting September 9.
Hawk…
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