Bitcoin to Dollar logo Bitcoin to Dollar logo
CCN 2019-07-11 22:20:10

Fed Chair Suggests Bitcoin Is Gold's Biggest Competition

In a remarkable admission during his testimony to Congress, Federal Reserve Chair Jerome Powell admitted that bitcoin is used as an alternative to gold, conceding that BTC is a store of value. He said before the Senate: "Really, almost no one uses bitcoin for payment, they use it more as an alternative to gold really. […]The post Fed Chair Suggests Bitcoin Is Gold's Biggest Competition appeared first on CCN Markets