🏛️ Fed Chairman Jerome Powell said that Bitcoin is being used as a speculative asset. It is a competitor of gold, not the US dollar.

Jay Powell, the Chairman of the Federal Reserve, stated in a conversation with Andrew Ross Sorkin that the September rate cut was intended to "send a strong signal" indicating that the Federal Reserve would provide support if the labor market continues to weaken. He also noted…

Wu Blockchain

🏛️ Fed Chairman Jerome Powell said that Bitcoin is being used as a speculative asset. It is a competitor of gold, not the US dollar.

https://www.youtube.com/watch?v=-oLfaksWj4o

https://x.com/wublockchain/status/1864392166140989900