Jerome Powell: Bitcoin & Gold Are Not in Competition With the Dollar - Activist Post

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Jerome Powell: Bitcoin & Gold Are Not in Competition With the Dollar - Activist Post

By Michael Maharrey During a recent interview, Federal Reserve Chairman Jerome Powell said Bitcoin is “just like” gold and is not competing with the U.S.... Jerome Powell: Bitcoin & Gold Are Not in Competition With the Dollar

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GOLD vs BITCOIN - are you joining the dots yet? Read on... Market Cap: Gold : $19.4 TRILLION BItcoin: $2 TRILLION Fed's Jerome Powell says Bitcoin is a competitor with gold, not the US dollar. Calls Bitcoin "digital gold". U.S. Treasury calls Bitcoin "

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China resumes buying gold after 6-month hiatus, abandoning Bitcoin reserve ideas

China’s uncertainty about the crypto industry has once again come to the fore. As of today, the People’s Bank of China (PBOC) disclosed official data that in November, the central bank reinitiated gold purchases for its reserves, a move it had paused for six months after the precious metal reached record-high prices. According to Fed Chief Jamie Powell and other analysts, Bitcoin is not a competitor to the dollar; rather, it is a competitor to g…

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Maybe Bitcoin Is the New Digital Gold After All

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

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What Fed's Powell said about crypto that may have aided bitcoin rally to $100,000 - TECHTELEGRAPH

Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024.  Yuki Iwamura | Bloomberg | Getty Images Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about the cryptocurrency, the central bank leader noted that he does not and cannot own any himse…

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Powell says Bitcoin competes with gold, not the dollar, and it’s too early to talk about tariffs

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.