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Jerome Powell Says Bitcoin's Competitor Is Gold, Not The US Dollar
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.
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Tags: Bitcoin,Fed,Gold
Link: Jerome Powell Says Bitcoin's Competitor Is Gold, Not The US Dollar [Copy]
Tags: Bitcoin,Fed,Gold
Link: Jerome Powell Says Bitcoin's Competitor Is Gold, Not The US Dollar [Copy]