Express

Jerome Powell Says Bitcoin's Competitor Is Gold, Not The US Dollar

Mary Liu

Summary: U.S. Federal Reserve Chair Jerome Powell on Wednesday at the New York Times DealBook conference said that Bitcoin is used as a speculative asset, and Bitcoin's competitor is gold, not the US dollar.  Despite the economy's progress and inflation showing signs of easing, Powell suggested a cautious approach to interest rate cuts.

U.S. Federal Reserve Chair Jerome Powell on Wednesday at the New York Times DealBook conference said that Bitcoin is used as a speculative asset, and Bitcoin's competitor is gold, not the US dollar. 

Despite the economy's progress and inflation showing signs of easing, Powell suggested a cautious approach to interest rate cuts.

Last Update:

Tags: ,,
Link: Jerome Powell Says Bitcoin's Competitor Is Gold, Not The US Dollar   [Copy]
  • GameStop’s Bitcoin Gamble: Stock Price Surges on Rumors 3 days ago
  • $92K: A Critical Support Level for Bitcoin 4 days ago
  • Bitcoin’s “Doji” Star: Is a Storm Brewing? 6 days ago
  • IBC Group Expands Strategy into PayFi via Investment in PolyFlow 23 days ago
  • The Digital Asset Investable Universe in 10 Minutes November 28, 2024
  • You need to login to comment.