In a remarkable admission during his testimony to Congress, Federal Reserve Chair Jerome Powell admitted that bitcoin is used as an alternative to gold, conceding that BTC is a store of value. He said before the Senate: “Really, almost no one uses bitcoin for payment, they use it more as an alternative to gold really. […]

The post Fed Chair Suggests Bitcoin Is Gold’s Biggest Competition appeared first on CCN Markets

Go to Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here