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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

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