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Tom Lee cited his prediction of "rise on Friday": Powell's speech was interpreted as "dovish", Favourable Information for encryption.
BlockBeats news, on August 22, Tom Lee posted on the X platform stating that Powell's speech was interpreted as "dovish," which was in line with expectations and favourable information for encryption (BTC, ETH). In the tweet he referenced, Tom Lee predicted on August 19 that in conversations with institutional investors, more people expected Fed Chairman Powell to lean towards "hawkish" because he did not want to be forced to cut interest rates. Since this is the "basic situation," his statement is likely to be viewed as "dovish." This means that the stock market may pump on Friday after the Jackson Hole event.
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