Summary
- Chairman Powell stated that Bitcoin (BTC) does not signify a lack of trust in the dollar.
- Chairman Powell views Bitcoin as an investment asset like gold, comparing it to digital gold.
- This indicates a shift in perspective, seeing Bitcoin as a safe asset.
Jerome Powell, the chairman of the Federal Reserve (Fed), attended a session at the New York Times DealBook Summit on the 4th (local time) and stated that he does not agree with the opinion that Bitcoin (BTC) signifies a lack of trust in the dollar. He mentioned that Bitcoin is seen as an investment asset like gold, and that it is similar to digital gold.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
