{"id":143991,"date":"2024-12-05T09:30:52","date_gmt":"2024-12-05T07:30:52","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143991"},"modified":"2024-12-05T03:18:49","modified_gmt":"2024-12-05T01:18:49","slug":"jerome-powell-declares-bitcoin-closer-to-gold-than-us-dollar-sparking-new-debate","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/jerome-powell-declares-bitcoin-closer-to-gold-than-us-dollar-sparking-new-debate\/","title":{"rendered":"Jerome Powell Declares Bitcoin Closer to Gold Than US Dollar, Sparking New Debate"},"content":{"rendered":"<p>Speaking at the New York Times Dealbook Summit, Powell stated that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>is a speculative asset more closely aligned with gold, not the greenback, a comment that has sparked debate about Bitcoin\u2019s place in the broader economy.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Jerome Powell Live at DealBook Summit 2024 <a href=\"https:\/\/t.co\/rw4fWXJioI\">https:\/\/t.co\/rw4fWXJioI<\/a><\/p>\n<p>\u2014 Andrew Ross Sorkin (@andrewrsorkin) <a href=\"https:\/\/twitter.com\/andrewrsorkin\/status\/1864379310599196846?ref_src=twsrc%5Etfw\">December 4, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Powell\u2019s statement highlights Bitcoin&#8217;s evolution from a peer-to-peer payment tool to a potential hedge against inflation, much like gold. While both Bitcoin and gold have reached record highs this year, Bitcoin has outperformed gold in year-to-date growth.<\/p>\n<p>The rise in Bitcoin\u2019s institutional adoption is also notable. Companies like MicroStrategy have significantly increased their Bitcoin holdings, with a recent $1.5 billion purchase of 15,400 BTC. Furthermore, the approval of spot Bitcoin ETFs earlier this year has provided a new avenue for traditional investors to gain exposure to Bitcoin.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoins-surge-beyond-100k-could-trigger-supply-shortage-predicts-crypto-expert\/\" title=\"Bitcoin&#8217;s Surge Beyond $100K Could Trigger Supply Shortage, Predicts Crypto Expert\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-currency-3341504_1280-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin&#8217;s Surge Beyond $100K Could Trigger Supply Shortage, Predicts Crypto Expert<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>This shift in institutional behavior signals growing acceptance of Bitcoin as a mainstream asset class. With major financial players increasingly incorporating Bitcoin into their portfolios, the landscape for digital assets is rapidly changing. As Bitcoin gains wider recognition as a store of value, it continues to challenge traditional notions of wealth preservation, positioning itself as a competitive alternative to gold for many investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chairman Jerome Powell recently addressed Bitcoin&#8217;s role in the financial market, comparing it to gold rather than the US Dollar.<\/p>\n","protected":false},"author":3,"featured_media":37982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-143991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jerome Powell Declares Bitcoin Closer to Gold 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