US Fed Chair Powell: 'Bitcoin is a substitute for gold"
marketrefresh.substack.com
Happy Monday, Blockfolians The Lede There has been much consternation and concern that if bitcoin got too popular, the US would ban it. Comments today from Fed Chair Jerome Powell, however, suggest that to him, bitcoin isn’t competition for the US dollar but competition for gold.
US Fed Chair Powell: 'Bitcoin is a substitute for gold"
US Fed Chair Powell: 'Bitcoin is a substitute…
US Fed Chair Powell: 'Bitcoin is a substitute for gold"
Happy Monday, Blockfolians The Lede There has been much consternation and concern that if bitcoin got too popular, the US would ban it. Comments today from Fed Chair Jerome Powell, however, suggest that to him, bitcoin isn’t competition for the US dollar but competition for gold.