A few days ago, the big shot of the Federal Reserve, Powell, spoke out, saying they cannot touch Bitcoin. As soon as this was said, Bitcoin immediately fell from a high of 108,000 to 92,500.

Today, another big shot of the Federal Reserve, Daly, came out and said that cryptocurrencies cannot be compared to gold and are far from truly becoming "money." Daly believes that cryptocurrencies should be viewed separately and not always be linked to gold. She mentioned that cryptocurrencies are quite complex and need to be studied thoroughly before defining them. She also stated that cryptocurrencies can be money, can be trading tools, and can be assets that fluctuate like stocks, but they cannot simply be described as something like gold.

Daly's views are somewhat different from Powell's. Powell previously said that Bitcoin is like virtual gold, used for speculation and cannot be used as money because it is too unstable. Although Daly also agrees that cryptocurrencies cannot be used as money right now, her explanation is more detailed.

Daly explained that for cryptocurrencies to become true money, their value must grow alongside the economy and cannot rise just because people want it. Just like the US dollar bills, their prices do not increase even with more users; the value of the dollar is determined by how quickly the economy grows compared to other countries. If cryptocurrencies want to become money, they need to develop this characteristic first.

Although the road for cryptocurrencies to become money is still long, it does not affect people's speculation on them. Since Trump was elected, Bitcoin has skyrocketed, surpassing 100,000 on December 4th. Stocks related to cryptocurrencies are also rising rapidly.

Now, even some big shots who usually only buy stocks and bonds have started buying cryptocurrencies. Trump's new government has even specifically found a venture capitalist named David Sacks to manage cryptocurrency matters, and it is possible that the US will establish Bitcoin reserves in the future.

In short, cryptocurrencies are currently extremely popular, and everyone believes they have great potential. An analyst even predicted that by the end of 2026, Bitcoin could rise to 225,000 dollars. It seems that more and more big shots are optimistic about Bitcoin, which is definitely key.