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U.S. Federal Reserve Chair Powell Recognizes Bitcoin as "Digital Gold"
In a significant statement, Federal Reserve Chair Jerome Powell has officially characterized Bitcoin as "digital gold." This endorsement from one of the world's most influential monetary policy makers marks a notable shift in mainstream financial discourse around cryptocurrency.
Powell's framing of Bitcoin alongside traditional gold represents a crucial validation moment for the asset class. The comparison underscores Bitcoin's potential role as a store of value and hedge against inflation—a narrative that has long resonated within the crypto community but has now received acknowledgment from the highest levels of U.S. financial authority.
The timing of this statement carries weight amid ongoing discussions about digital assets' place in the broader financial ecosystem. Market observers are closely tracking how this official recognition might influence institutional adoption and regulatory clarity around Bitcoin in the months ahead.