Powell made a point in his speech: "Bitcoin's competitor is gold, not the dollar." What does everyone think?
On Wednesday, Powell made a point in his speech: "Bitcoin's competitor is gold, not the dollar."
A reporter asked: Powell, do you want to sell reserve gold and buy Bitcoin?
Powell replied: This reporter, are you sick!? I was speaking to other countries' central banks, other countries' banks should sell gold and buy competitive Bitcoin 😆
The intention behind Powell's speech is very clear: to undermine the credibility of gold, considering it merely an "asset" without monetary properties.
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