CoinRank Crypto Digest (8/21) | Rising Interest in Crypto Assets Among Affluent Asian Investors

Rogoff's Reflection on Bitcoin: Harvard professor Kenneth Rogoff admitted to misjudging Bitcoin's value, initially predicting it would be worth $100 in a decade, while it has now surpassed $113,000. He cited underestimated influences from the underground economy and criticized regulatory conflicts of interest.

Asian Investors Embrace Crypto: Wealthy families in Asia are increasingly allocating about 5% of their portfolios to cryptocurrencies, driven by bullish market trends, clearer regulations, and growing institutional demand, indicating a shift towards viewing crypto as a key asset class.

Fed Chair Powell's Neutral Stance: Fed Chairman Jerome Powell is expected to maintain a neutral position at the upcoming Jackson Hole meeting, focusing on data-driven policy decisions related to inflation and labor, which could impact future rate cuts.

Market Volatility Influenced by Data: The uncertainty surrounding upcoming jobs and inflation reports may lead to volatility in the crypto market, with potential implications for Bitcoin and Ethereum prices depending on the strength or weakness of economic indicators.