Degen

Jerome Powell, the chairman of the US Federal Reserve, has made an interesting comment about Bitcoin (BTC). He says that people are treating Bitcoin like gold, not like regular money.

Powell’s point is that Bitcoin is an investment vehicle, so it’s unlikely that anyone will use Bitcoin for everyday purchases like money.

This comment suggests that US monetary authorities do not see Bitcoin as a threat to the dollar, and comparing it to gold indicates its acceptance as a valuable asset.