#BTCVSGOLD
💥 BREAKING 🔊:
🇺🇸 Federal Reserve Chair Jerome Powell says Bitcoin is a competitor to gold, not the U.S. dollar.
In simple terms, Powell is saying that Bitcoin is seen as "digital gold"—a store of value or a long-term asset like gold. It is not currently considered a direct rival to the U.S. dollar for everyday transactions or as the world's primary reserve currency.
He emphasized that the U.S. dollar remains strong due to the stability of the U.S. economy, the Fed's monetary policies, and its legal status as the nation's currency.
Bitcoin is viewed more like a modern alternative to gold, not as a replacement for traditional government-issued currencies like the dollar.
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