🚹 JACKSON HOLE COULD BE CRITICAL FOR BITCOIN

Bitcoin has rallied from roughly $60K → $80K.

Now markets are watching Friday's Jackson Hole speech for clues about what comes next.

There is no rate decision at Jackson Hole.

But Fed Chair Kevin Warsh's comments could reshape expectations for the September Fed meeting.

The setup is complicated:

đŸ”„ Inflation remains elevated
📊 Core PCE is around 3.3%
📉 Consumer growth is slowing
📈 Long-term Treasury yields remain elevated
🏩 Markets are debating how long rates need to stay high

Two key scenarios:

🟱 Dovish Warsh
Lower rate expectations → yields fall → dollar weakens → liquidity improves → BTC could extend its rally

🔮 Hawkish Warsh
Higher-for-longer expectations → yields rise → dollar strengthens → risk assets could come under pressure

And there's a third possibility:

Warsh says very little about near-term rates.

That could leave traders even more focused on the September Fed decision.

Bitcoin's next move won't be determined by one speech.

But Friday could provide an important clue about whether the macro environment can support the next leg higher.

Watch the words, not just the headline. 👀

$BTC