📊 The President of the Federal Reserve, Jerome Powell, stated that the #Bitcoin does not represent a direct challenge to the US dollar as a dominant currency. According to Powell, Bitcoin has a role more similar to that of gold, acting as an alternative or reserve asset rather than directly competing with the dollar. 💥

⚡️ Although he acknowledges its growing popularity, Powell emphasized that most cryptocurrencies still do not fulfill the key functions of traditional currency, such as a medium of exchange or stable store of value. Therefore, he sees them more as speculative assets than as threats to the current financial system... #BTC☀