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Federal Reserve Chairman: BTC is more similar to gold and is not allowed to be held due to identity reasons

Federal Reserve Chairman: BTC is more similar to gold and is not allowed to be held due to identity reasons

Bitget2024/12/05 00:46

Federal Reserve Chairman Jerome Powell said at the New York Times DealBook Summit that Bitcoin is more of a speculative asset, similar to gold, but in a virtual and digital form. He pointed out that Bitcoin is not a competitor to the US dollar, but a competitor to gold, and it is not yet widely used as a payment method, and its price is highly volatile. It is worth noting that as the price of Bitcoin approaches $100,000, Powell reiterated his previous view that Bitcoin "has staying power." When asked if he would hold cryptocurrencies, Powell said he was not allowed to because of his status.

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