Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold

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Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for GoldFederal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored by the Bank of International Settlements (BIS) on […]

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