Federal Reserve Chair Jerome Powell, speaking at the New York Times DealBook Summit on Wednesday, addressed Bitcoin as a competitor to gold rather than the US dollar."People use Bitcoin as a speculative asset. It's like gold, it's just like goldonly it's virtual, it's digital," Powell said. "People are not using it as a form of payment or a store of value. It's highly volatile. It's not a...
By clicking Accept, you consent to the use of all cookies. If you do not wish to accept all cookies, you may choose to manage your preferences by opting out optional cookies. For more information on how we use cookies and to view our Privacy Policy and our Cookie Notice.