Jackson Hole = Fed's annual policy flex. Friday Aug 28, new Chair Kevin Warsh speaks for the first time.

Why it moves markets:

Markets don't wait for FOMC. They front-run the tone.

Patient tone → risk bid
Hawkish tone → yields spike, DXY rips, risk dumps

Historically most years green. Big exception: 2022. Powell went full hawk, triggered brutal selloff that bled for weeks. Next 3 months usually higher except that year.

Why crypto cares:

$BTC trades liquidity first, fundamentals second.
Hawkish Friday hits crypto harder than SPX.
Patient Friday = $BTC holds the bounce.

This year's theme: Financial Innovation — Payments & Policy.

This isn't just rates. It's stablecoins. It's on-chain rails. It's whether TradFi starts taking crypto payments seriously.

Watch the tone. That's what moves price.