{"id":3737,"date":"2024-12-04T21:16:42","date_gmt":"2024-12-04T21:16:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3737"},"modified":"2024-12-04T21:16:42","modified_gmt":"2024-12-04T21:16:42","slug":"fed-chair-powell-bitcoin-is-like-gold-its-just-virtual-and-digital","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3737","title":{"rendered":"Fed Chair Powell: Bitcoin Is &#8216;Like Gold, It&#8217;s Just Virtual And Digital&#8217;"},"content":{"rendered":"<div>\n<p>Federal Reserve Chair <strong>Jerome Powell<\/strong> addressed the perception of <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) at the DealBook Summit on Wednesday, asserting that the cryptocurrency is more akin to gold than <a href=\"https:\/\/www.benzinga.com\/24\/12\/42281924\/peter-schiff-highlights-lack-of-congressional-support-for-the-bitcoin-reserve-bill\">the U.S. dollar<\/a>.<\/p>\n<p>\u201cPeople use Bitcoin as a speculative asset. It\u2019s like gold\u2014it\u2019s just virtual and digital,\u201d Powell <a href=\"https:\/\/x.com\/andrewrsorkin\/status\/1864379310599196846\">said<\/a> during the discussion.<\/p>\n<p>Powell dispelled notions that Bitcoin undermines the Federal Reserve or the strength of the U.S. dollar and highlighted that Bitcoin is not being used as a primary form of payment or as a reliable store of value due to its high volatility. <\/p>\n<p>\u201cIt\u2019s &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42325788\/fed-chair-powell-bitcoin-is-like-gold-just-virtual-and-digital\" alt=\"Fed\" chair powell: bitcoin is gold it just virtual and digital>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chair Jerome Powell addressed the perception of Bitcoin (CRYPTO: BTC) at the DealBook Summit on Wednesday, asserting that the cryptocurrency is more akin to gold than the U.S. dollar. \u201cPeople use Bitcoin as a speculative asset. It\u2019s like gold\u2014it\u2019s just virtual and digital,\u201d Powell said during the discussion. Powell dispelled notions that Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3737","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3737"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3737\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}