CandleFocus ? Fed Chair Jerome Powell Admits Bitcoin is 'Digital Gold'
2024-12-04
Author: Content Editor
In a recent interview, Federal Reserve Chair Jerome Powell described Bitcoin as a speculative asset similar to gold. While acknowledging BTC's role as "digital gold," Powell emphasized that it is not a viable payment method or a store of value. He also dismissed the idea of Bitcoin as a competitor to the U.S. dollar. Powell's comments reflect concerns about Bitcoin's price volatility and highlight its growing perception as an alternative investment rather than a currency.
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