Tom Lee referenced his "TGIF rally" call, citing Powell's comments were read as 'dovish,' bullish for crypto.

BlockBeats News, August 22, Tom Lee posted on X Platform stating that Powell's speech was interpreted as "dovish," as expected, bullish for crypto (BTC, ETH).

In a referenced tweet, Tom Lee predicted on August 19: in conversations with institutional investors, more are expecting Fed Chair Powell to lean "hawkish" as he does not want to be forced to cut rates. Because this is the "base case," his statement is likely to be seen as "dovish." This means the stock market could rise on Friday after the Jackson Hole event.