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.
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.
iLov3musk on
Way better then gold imo. When the normies realize that bitcoin will be worth 500k +
kirtash93 on

Externals222 on
This was from last year lol
SomebodiesGotttaDoIt on
Say the line Bart
JayAndViolentMob on
This was last year. And now is tomorrow. And yesterday is here.
partymsl on
If he had said „$TRUMP is like digital gold“ that may extent his term by a bit…
codex04 on
For some reason we humans decided that theres value in Gold. Today that is Bitcoin.
Jx_XD on
How much does he pay you to say that ?
realDEUSVULT on
5th Dec 2024…
DifGuyCominFromSky on
Well PAXG is literally digital gold. And yes bitcoin too.
PreventableMan on
If only Rule5 was enforced sometimes.
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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.
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.
Way better then gold imo. When the normies realize that bitcoin will be worth 500k +

This was from last year lol
Say the line Bart
This was last year. And now is tomorrow. And yesterday is here.
If he had said „$TRUMP is like digital gold“ that may extent his term by a bit…
For some reason we humans decided that theres value in Gold. Today that is Bitcoin.
How much does he pay you to say that ?
5th Dec 2024…
Well PAXG is literally digital gold. And yes bitcoin too.
If only Rule5 was enforced sometimes.