Bitcoin is much closer to gold than to dollar, says Jerome Powell

 Bitcoin is much closer to gold than to dollar, says Jerome Powell


U.S. Federal Reserve says digital currencies can ‘coexist’ with cash

Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet Bloomberg on Thursday.

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