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Fed Chair Jerome Powell has outdated views on Bitcoin: cryptocurrencies are not just a substitute for gold

Fed Chair Jerome Powell has outdated views on Bitcoin: cryptocurrencies are not just a substitute for gold

Kitco | Christina of CoinPayments | Mar 26, 2021 Federal Reserve Chair Jerome Powell is making waves in the cryptocurrency market after he threw some shade at bitcoin and other digital currencies, calling them simply speculative assets. "Crypto assets are highly volatile and therefore not useful as a store of value. It is a speculative


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