Fed Chair Suggests Bitcoin Is Gold’s Biggest Competition

Fed Chair Suggests Bitcoin Is Gold’s Biggest Competition


In a remarkable admission during his testimony to Congress, Federal Reserve Chair Jerome Powell admitted that bitcoin is used as an alternative to gold, conceding that BTC is a store of value. He said before the Senate: “Really, almost no one uses bitcoin for payment, they use it more as an alternative to gold really. […]

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Posted by Francois Aure on July 11, 2019 @ https://www.ccn.com/news/fed-chair-suggests-bitcoin-is-golds-biggest-competition/2019/07/11/

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