#PowellRemarks

#PowellRemarks Mr. Jerome Powell, Chairman of the Federal Reserve (the central bank of the United States), has spoken several times about cryptocurrencies, and his position is characterized by caution and skepticism. Here are the main points regarding his views and positions:

1. Cryptocurrencies as a store of value

Powell has described cryptocurrencies like Bitcoin as being more similar to digital gold and not as an effective substitute for traditional currencies, as they are extremely volatile and not widely used as a means of payment.