Jerome Powell, speaking at the New York Times DealBook Summit in Manhattan, described Bitcoin as a significant asset similar to gold, distancing it from the idea of a functional currency.
Industry leaders have long considered Bitcoin to be the ‘digital gold.’ This is due to BTC’s year-on-year increase and dominance over other fiat assets. In fact, several Bitcoin ETFs in the US market have already outgrown their gold counterparts within less than a year of launching.
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