Key Takeaways – Fed Chair Kevin Warsh will deliver his first Jackson Hole address on Friday, Aug. 28. – Crypto Rover believes dovish comments could propel Bitcoin above $80,000, while a hawkish message could send it back toward $73,000. – Standard Chartered and BlackRock have…
newed their long-term Bitcoin bull cases. Bitcoin faces a potentially bullish macroeconomic test in four days as Federal Reserve Chair Kevin Warsh prepares to deliver his first Jackson Hole address
The crypto has already recovered from around $64,000 to above $77,000 within a week, but popular YouTuber Crypto Rover believes Friday’s speech could unleash another burst of volatility. The event arrives as Standard Chartered maintains its $100,000 year-end target and BlackRock argues that Bitcoin’s long-term investment case survived its historic decline. Warsh’s First Jackson Hole Speech Is Four Days Away Warsh will deliver his keynote remarks at 10 a.m.
ET on Friday, Aug. 28, according to the Federal Reserve’s official calendar. The speech forms part of the Jackson Hole Economic Policy Symposium, an annual gathering of central bankers, policymakers and academics hosted by the Federal Reserve Bank of Kansas City. Jackson Hole does not produce an interest-rate decision.