San Francisco Fed President Mary Daly stated that cryptocurrencies, such as Bitcoin, should be considered a separate asset class and not given the same status as gold. She emphasized the need for a clear definition of cryptocurrencies, stating that they have a multifaceted nature. Daly agreed with Fed Chairman Jerome Powell that cryptocurrencies do not have the status of a currency, but added that for them to achieve such status, their value must align with economic growth. This contrasts with Powell's view of Bitcoin as a speculative and volatile digital asset similar to gold.



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