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

  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? 9 days ago
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 24 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 29 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025

    • You need to login to comment.