Bitcoin as 'Digital Gold': Powell Sees It Redefining Global Finance
Bitcoin is becoming like digital gold. This major shift comes from Federal Reserve Chair Jerome Powell, who says the leading cryptocurrency competes with gold, not regular money. Bitcoin’s price is now close to $100,000, changing how the financial world sees digital assets. This view from the top U.S. banking official marks a big change in how we think about cryptocurrency in global finance. Also Read: Shiba Inu: How High Will SHIB Go When Bitcoin Hits $115,000 Bitcoin’s Potential as Digital Gold: Impact on Investment, Security & Regulation “People use Bitcoin as a speculative asset. It’s like gold, it’s just like gold—only it’s virtual, it’s digital,” Powell said at the summit. Bitcoin has grown from a new technology into something many see as valuable, like gold. More investment firms now include Bitcoin in their portfolios, treating it similarly to how they treat gold investments. Market Volatility and Investment Security Bitcoin’...