Fed Chair Jerome Powell admits Bitcoin is digital gold, calls it the competitor for gold, as BTC prepares to hit higher highs.
The Federal Reserve Board takes a neutral stance on all financial matters, including the crypto market.
Fed Chair Jerome Powell admits Bitcoin is digital gold, driving bullish reactions from the crypto market.
Powell says Bitcoin (BTC) is a competitor for gold and not the Dollar, which is true as BTC is held and not used for daily transactions.
The price of BTC is expected to hit higher ATH targets between $130,000 and $144,000 over the next few weeks.