Bitcoin is More of a Gold Substitute than the Dollar, Fed Chair Powell Says

Bitcoin is More of a Gold Substitute than the Dollar, Fed Chair Powell Says

Chinese Media Bitcoin Bull Run Could be Bearish for Gold and Precious MetalsThe Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which has affected the asset’s price seeing it drop by $1,000. Powell’s View on Cryptocurrencies In

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