Federal Reserve Chairman: BTC is more similar to gold and is not allowed to be held due to identity reasons

Federal Reserve Chairman Jerome Powell said at the New York Times DealBook Summit that Bitcoin is more of a speculative asset, similar to gold, but in a virtual and digital form. He pointed out that Bitcoin is not a competitor to the US dollar, but a competitor to gold, and it is not yet widely used as a payment method, and its price is highly volatile. It is worth noting that as the price of Bitcoin approaches $100,000, Powell reiterated his previous view that Bitcoin "has staying power." When asked if he would hold cryptocurrencies, Powell said he was not allowed to because of his status.