Condividi questo articolo
Fed Chairman Jerome Powell Compares Bitcoin to Gold
Powell compared bitcoin to gold, referring to them both as speculative stores of value.
Di Daniel Kuhn
Federal Reserve Chairman Jerome Powell said he can envision a return to an era where multiple currencies are in use in the United States.
During Powell’s testimony before the Senate Banking Committee on Facebook’s planned Libra cryptocurrency, he said: “The size of Facebook’s network means it could be, essentially, immediately systemically important.”
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
Though the initiative raised “a lot of serious concerns,” including privacy, money laundering, consumer protection, and financial stability, he began to speak favorably about other cryptocurrencies.
“Almost no one uses bitcoin for payments, they use it more as an alternative to gold,” he said Thursday afternoon. “It's a speculative store of value.”
Powell has stated in the past that the United States should not return to the gold standard. Some took the statement as referring to a call to "drop gold, buy bitcoin."
Pubblicità
How far we've come. The Chairman of the Federal Reserve just compared bitcoin to gold
— Barry Silbert (@BarrySilbert) July 11, 2019
Folks, it's happeninghttps://t.co/onVmTj4hUk
Disclosure: Silbert is the head of CoinDesk owner DCG.
Image via Shutterstock.
Di più per voi
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
Cosa sapere:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
