Gold Hits All-Time Highs While Bitcoin Disappoints: Did Fed Chair Jerome Powell Jinx The ‘Digital Gold’?
Posted On March 13, 2025
Bitcoin (CRYPTO: BTC) is underperforming against gold, which hit a record high on Thursday, calling its value proposition of ‘digital gold’ into question.
Back in December 2024, Federal Reserve Chair Jerome Powell spoke at the DealBook Summit, stating that Bitcoin is “a speculative asset, much like gold, but digital.”
He dismissed the notion of BTC being a true currency, citing its volatility and lack of widespread adoption for payments or as a reliable store of value.
Since then, the divergence between Bitcoin and gold has widened.
BTC briefly touched $85,000 in recent trading before falling back to $80,000, mirroring …
About The Author
