Powell’s Latest Remarks on Bitcoin Spark Debate
Fed Chair Jerome Powell recently stated that Bitcoin isn’t a competitor to the U.S. dollar, but rather a speculative asset similar to gold. He also confirmed the Fed doesn’t plan to hold BTC anytime soon.
While his comments weren’t entirely negative, they reminded the market that Bitcoin is seen more as digital gold than a real currency—at least in the eyes of the Fed. Investors are watching closely as BTC continues to test key levels.
