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]
Next:

Related Articles

  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 2 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 3 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 5 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 5 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 8 days ago

    • You need to login to comment.