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    1. coinfeeds-bot on

      tldr; Federal Reserve Chair Jerome Powell stated at the DealBook Summit that Bitcoin is more comparable to gold than the U.S. dollar, describing it as a speculative asset that is virtual and digital. He emphasized that Bitcoin is not a competitor to the dollar, nor is it widely used as a primary payment method or reliable store of value due to its volatility. Powell also clarified that the Federal Reserve does not regulate the cryptocurrency industry and that he does not own Bitcoin himself.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. tech_consultant on

      Would have been nice for the headline to include the part from the quote where Powell states that bitcoin AND gold are speculative assets but that wouldn’t get the clicks.

    3. Way better then gold imo. When the normies realize that bitcoin will be worth 500k +

    4. If he had said „$TRUMP is like digital gold“ that may extent his term by a bit…

    5. For some reason we humans decided that theres value in Gold. Today that is Bitcoin.

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