Summary
- Former Binance CEO Changpeng Zhao reported that Fed Chairman Jerome Powell is shifting his perception of Bitcoin more positively.
- In December last year, Chairman Powell evaluated Bitcoin as digital gold and mentioned it's in strong competition with gold.
- Investors should consider the possibility that Bitcoin could establish itself as an investment alternative similar to gold.
Changpeng Zhao, former CEO of Binance, claims that Federal Reserve (Fed) Chairman Jerome Powell's perception of Bitcoin (BTC) is becoming more positive.
On the 15th, CZ positively evaluated Powell's Bitcoin mentions on X (formerly Twitter), stating 'It's improving gradually. Moving forward one step at a time.'
Previously in December last year, Fed Chairman Powell mentioned at the DealBook Summit hosted by The New York Times that 'Bitcoin is closer to digital gold' and 'Bitcoin isn't trying to replace the dollar, but rather is in strong competition with gold.'
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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