$BTC Powell: "Bitcoin is a competitor to gold, not to the dollar"

The Chairman of the Federal Reserve, Jerome Powell, surprised many by stating that Bitcoin competes with gold as a store of value, making it clear that he does not see it as a direct threat to the US dollar.

This statement is a strong endorsement of the narrative of Bitcoin as "digital gold," an asset with the potential to provide protection against inflation and economic uncertainty. The recognition from a prominent figure like Powell reinforces the legitimacy of Bitcoin in global markets and could be a catalyst for a significant increase in its price, given the renewed interest from institutional and retail investors.

This message underscores the growing role of Bitcoin as a pillar in the modern financial system.

very positive