🔥 San Francisco Federal Reserve Bank President Mary Daly stated that she does not consider #العملات_المشفرة to be similar to gold, despite the common characteristics between them at times.

🔥 During an interview with Yahoo Finance, Daly pointed out the importance of abandoning prevailing beliefs about cryptocurrencies and defining their exact nature. She said: We must understand cryptocurrencies deeply and call them by their real name after verifying their nature, whether it is a currency, a medium of exchange, or even an asset that retains or sometimes loses value.

🔥 Daly stressed that cryptocurrencies should be treated as an independent asset class, and that confusing them with gold as is currently happening in the markets is not accurate. Despite the similarities in some aspects, Daly explained that she does not see cryptocurrencies as a real currency.

🔥 She explained that cryptocurrencies, in order to become a currency, must have the characteristic of growth with the expansion of the economy, and their value must not rise only due to increased demand for them. She cited the value of the dollar, whose strength is tied to the performance of the US economy compared to other countries.

🔥Daly also supported Powell's view that #البيتكوين is not yet ready to be a currency in the full sense, despite some cryptocurrency supporters asserting that it has reached this stage in its life cycle. $BTC