Powell’s Final Speech Might Send Bitcoin on a Wild Ride – Here’s What You Need to Know!

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So, Jerome Powell is stepping up to the mic tomorrow at the Jackson Hole Economic Symposium in Wyoming. It’s not just any appearance, mind you. It’s his final go-around since being dragged into the role by President Donald Trump back in 2017. No pressure, Jerome. None at all. 😬

The whole financial world – from central bankers to crypto traders – will be watching like hawks, hoping Powell says something that might give them a clue about whether interest rates are going up, down, or staying stuck in their awkward teenage years. His speech is set for 17:00 (UTC+3) at Jackson Lake Lodge. Prepare your popcorn, folks. 🍿

A Legacy of Speechifying Drama

Powell’s speeches have been like episodes of your favorite soap opera. In 2018, he talked about rate hikes, and surprise! They came. In 2019, he backed off because, well, global growth looked like it was on a diet. Then came 2020, and Powell was all about that “maximum employment” life, followed by the infamous “temporary inflation” line. A year later, he probably wished he could take it back. 🍋

Fast forward to 2022, when Powell started warning about “pain” (not exactly the feel-good speech of the year). Inflation control became the new fitness goal, with rate hikes flying in every direction. By 2023, Powell was like, “Hey, maybe let’s chill a bit?” He dropped the rate hike threat but kept us all on our toes. 🙄

Bitcoin: The Bait and Switch

And then there’s Bitcoin. The digital currency that always seems to be on the edge of a breakdown… or a breakout. Right now, it’s holding steady – around $113,018. Ethereum’s slinking along too at $4,284. But the big question is: How will Powell’s speech impact them? Spoiler alert: It depends on whether he’s in a hawkish or dovish mood. 🦅🐦

Vincent Liu from Kronos Research says most expect Powell to throw some hawkish shade, which might make risky assets (read: Bitcoin) nervous. If he’s a little softer, well, crypto could go full-on party mode. 🍾 If he says absolutely nothing useful, we’re all just left twiddling our thumbs.

Everyone’s got their eyes on the Fed’s September rate cut (which Wall Street bets on like it’s the next big thing), but economic signals are still as confusing as trying to read a map upside down. Inflation’s cooling off in some places, but other indicators are raising their eyebrows. Trump’s tariffs are still lurking in the background, just for fun. 🎭

The Bitcoin Risk Factor

BTC Markets analyst Rachael Lucas isn’t sugar-coating it. She’s warning that if Powell’s hawkish, we could see a 30% drop in Bitcoin. But hey, that’s crypto for you – it’s like the weather in a tropical storm. 🌪️ Still, she points out that Bitcoin tends to do its typical “meh” thing in September, then gets all hyped up for November and December as the supply dries up. Classic Bitcoin.

After Jackson Hole, crypto traders will be obsessing over U.S. inflation numbers, more Fed meetings, ETF flows, and Trump’s next “strategic” tariff move. Gotta love the drama. 😎

What Could Happen to Bitcoin After Jackson Hole? You Won’t Believe #3!

  • The Bull Case: If Powell gets all friendly and dovish, Bitcoin could skyrocket past $120,000, with momentum pushing it to $130,000-$135,000 as we head into Q4. 🚀
  • The Base Case: If Powell gives a “meh” speech, Bitcoin might just chill between $108,000 and $118,000, waiting for better clues. 😑
  • The Bear Case: If Powell gets all serious and hawkish, Bitcoin could tumble by 20-30%, hitting support around $95,000-$100,000 before anyone remembers how to buy it again. 🐻

Final Thoughts: The Pressure is On

As Powell steps up to the podium one last time, the markets are holding their collective breath. Will he deliver relief, or will he add to the uncertainty? Whatever happens, expect one thing: It’s going to be a bumpy ride. 🎢

Just a heads-up: this article is for informational purposes only, so please don’t take it as financial advice. Coindoo.com doesn’t endorse any particular strategy or crypto investment. Always do your research and consult with a licensed advisor. Seriously, don’t blame us if things go sideways. 💸

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2025-08-22 15:20