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Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto?

Summary by Bitcoinist
Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies. Comparing Bitcoin to gold during an appearance at the New York Times DealBook Summit, Powell characterized the flagship crypto as a “speculative asset” rather than a direct competitor to the US dollar. This is a significant departure from his previous dismissive…
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GlobalNewsItGlobalNewsIt

Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto? – #CryptoUpdatesGNIT

Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies. Comparing Bitcoin to gold during an appearance at the New York Times DealBook Summit, Powell characterized the flagship crypto as a “speculative asset” rather than a direct competitor to the US dollar. This is a significant departure from his previous dismissive…

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investincryptonews.cominvestincryptonews.com

Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto? - Invest In Crypto News

Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies. Comparing Bitcoin to gold during an appearance at the New York Times DealBook Summit, Powell characterized the flagship crypto as a “speculative asset” rather than a direct competitor to the US dollar. This is a significant departure from his previous dismissive…

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TECHTELEGRAPHTECHTELEGRAPH

Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto? - TECHTELEGRAPH

Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies. Comparing Bitcoin to gold during an appearance at the New York Times DealBook Summit, Powell characterized the flagship crypto as a “speculative asset” rather than a direct competitor to the US dollar. This is a significant departure from his previous dismissive…

Read Full Article
BitcoinistBitcoinist

Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Point For Crypto?

Despite the challenging macroeconomic environment, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given investors cautious hope for cryptocurrencies. Comparing Bitcoin to gold during an appearance at the New York Times DealBook Summit, Powell characterized the flagship crypto as a “speculative asset” rather than a direct competitor to the US dollar. This is a significant departure from his previous dismissive…

Read Full Article
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Bitcoinist broke the news in on Monday, February 17, 2025.
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