Bitcoin's surge to $79,047.24 over the past ten days followed steps by Scott Bessent and the Treasury Department to cap or lower long-term interest rates. The rally now faces a key test from the Federal Reserve, whose annual Jackson Hole symposium concludes Friday with Chairman Kevin Warsh speaking. Inflation, measured by the Fed's preferred PCE index, reached 3.7% in July, while the benchmark fed funds rate has remained at 3.50%-3.75% in recent months. Risk Dimensions chief investment officer Mark Connors expects Warsh to emphasize a broader overhaul of the Fed, including changes to how it measures inflation and communicates with markets, rather than signal a specific rate move. Connors expects Warsh to leave a rate hike on the table but said, "There will be no hike before midterms." Hashdex chief investment officer Samir Kerbage said Bitcoin's response is driven more by global liquidity and where long-term Treasury yields settle than by the September policy decision. The Treasury's plan to increase purchases of long-dated government debt after the 30-year yield reached a 19-year high helped cool the bond sell-off and supported Bitcoin's move. The Jackson Hole focus on financial innovation, payments and policy also puts stablecoins (crypto tokens designed to maintain stable value), tokenized deposits and faster settlement systems on the agenda for crypto traders.