Bitcoin is More of a Gold Substitute than the Dollar, Fed Chair Powell Says

Bitcoin is More of a Gold Substitute than the Dollar, Fed Chair Powell Says
ôîòî ïîêàçàíî ñ : Cripyo.news

2021-3-24 16:30

The Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which has affected the asset’s price seeing it drop by $1,000. Powell’s View on Cryptocurrencies InRead More origin »

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$ 74954.48 (+0.00%)
Îáúåì 24H $38.695b
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bitcoin chair powell gold substitute statement made

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Ôîòî:

‘Bitcoin Doesn’t Behave Like A Payment Instrument’, Says Mastercard’s Vice-Chair

Mastercard may have warmed up to cryptocurrencies recently, but if you’re expecting to use your debit cards to pay for your coffee, an executive at the payments giant has bad news for you. Ann Cairns, the executive vice chair at Mastercard stated in a recent conference that Bitcoin is too volatile for the company. Mastercard […]

2021-2-28 13:23


Ôîòî:

‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’

Federal Reserve Chair Jerome Powell told participants at the Bay Area Council Business Hall of Fame Awards Ceremony on Tuesday that the economy will never be the same after Covid-19. According to Powell, the use of accelerated technology will change the way the global economy operates as his commentary was quite similar to the recent […] The post ‘Control the Pandemic’ – Fed Chair Jerome Powell Predicts the Entry of a ‘Different Economy’ appeared first on Bitcoin News.

2020-11-19 08:05


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New CFTC Chair Believes Blockchain Technology Holds Great Promise

The incoming head of U. S. Commodity Futures Trading Commission (CFTC) has highlighted the importance of blockchain as an emerging technology, reports Fox Business. With commentators taking issue with the patchwork of cryptocurrency regulations in the country, the new CFTC chief assures that his department will look into crafting laws that support the industry.

2019-8-5 17:00


Cryptocurrency is Part of the Global Currency War, Says Federal Reserve Branch Head

Cryptocurrency has found itself on the center stage of the global political sphere over the past several weeks, which first began when Fed Chair Jerome Powell compared Bitcoin to gold. Shortly after this, US President Donald Trump shared his thoughts on BTC, which sparked what appears to be a regulatory crackdown on the nascent markets.

2019-7-20 03:00


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Will The Crypto Market Benefit From The Trump Fed Takeover?

The prospect of a “Trump Fed takeover” is rapidly becoming a central macro theme for 2026, with some traders arguing that markets still underestimate how radical the shift could be for global liquidity – and by extension for crypto.

Bitcoin hits $97K as China injects $138B and Fed ramps bond purchases

PBOC cuts rates, trims mortgage costs. Trade talks between US and China scheduled. Markets await FOMC guidance on policy shift. Bitcoin surged past $97,000 on Wednesday before settling above $96,000, as a confluence of global monetary moves stirred markets ahead of the Federal Reserve’s policy announcement.

Here’s Why The Dogecoin And Shiba Inu Prices Are Still Struggling

The Dogecoin and Shiba Inu prices are currently struggling to maintain a bullish momentum as they continue to suffer significant pullbacks. This downtrend is due to macro factors that have brought about market uncertainty and sparked a bearish sentiment among investors.

Crypto Banking Gets Green Light From Fed Chair Jerome Powell

Federal Reserve Chair Jerome Powell delivered remarks yesterday suggesting that US banks can freely engage with crypto clients—provided they understand and manage the inherent risks. Powell’s comments came during the Federal Open Market Committee (FOMC) press conference, where he addressed queries about the Fed’s stance on crypto banking.

Crypto industry hopes rise as Donald Trump enters the White House

A new era is set for the industry with the appointment of crypto-friendly candidates such as Paul Atkins It remains to be seen whether the US will match similar regulatory frameworks like Europe’s MiCA The rise of Bitcoin will be shaped by institutional adoption, increased regulatory clarity, and broader macroeconomic and geopolitical trends US President-elect […] The post Crypto industry hopes rise as Donald Trump enters the White House appeared first on CoinJournal.