FED CHAIR POWELL SAYS BITCOIN IS LIKE DIGITAL GOLD

Summary from the TLDR Crypto newsletter

Federal Reserve Chair Jerome Powell compared Bitcoin to digital gold during The New York Times' DealBook Summit, noting its volatility and lack of use as a payment method, positioning it as a speculative asset rather than a competitor to USD. He acknowledged Bitcoin's “staying power” and highlighted its role as an alternative to gold while emphasizing the Fed's cautious approach to crypto's interaction with the banking system.