Mary Daly, the President of the San Francisco Federal Reserve, recently shared her views on cryptocurrencies. She believes that cryptocurrencies should be considered an independent asset class rather than simply compared to gold. 💡

Daly pointed out that cryptocurrencies are a complex phenomenon that requires in-depth interpretation to clarify their definition. She believes that cryptocurrencies can be money, a medium of exchange, or even stocks, and they can also be an asset that holds or loses value. 🔍

She further stated that although cryptocurrencies sometimes exhibit characteristics similar to gold, they should not be regarded as the same type of asset as gold. This perspective provides a new angle and direction for thinking about the cryptocurrency market. 📊