Warsh’s Debut Reprices Dollar

Jackson HoleBitcoin gained 21% this week, waiting on one man’s tone.

Fed chair Kevin Warsh’s first address reprices the world’s dollar debts, not just crypto.

Jackson Hole lets the Fed chair signal rate direction outside a formal meeting, so markets treat the speech as policy.

A hawkish tone would raise borrowing costs for import-dependent economies from Egypt to Pakistan.

Sources: CoinDesk