Close Menu
Cryprovideos
    What's Hot

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Level For Crypto?
    Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Level For Crypto?
    Bitcoin

    Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Level For Crypto?

    By Crypto EditorFebruary 17, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Regardless of the difficult macroeconomic surroundings, Federal Reserve chairman Jerome Powell has revised his stance on Bitcoin, which has given buyers cautious hope for cryptocurrencies.

    Evaluating Bitcoin to gold throughout an look on the New York Instances DealBook Summit, Powell characterised the flagship crypto as a “speculative asset” somewhat than a direct competitor to the US greenback.

    This can be a vital departure from his earlier dismissive stance towards the world’s largest cryptocurrency, which has a market capitalization of roughly $1.4 trillion.

    Powell’s Altering Viewpoint On Bitcoin

    Binance founder Changpeng Zhao (CZ) promptly emphasised this improvement as “an enchancment to the earlier narrative,” indicating that trade leaders had been conscious of Powell’s rhetorical shift.

    That’s an enchancment to the earlier narrative. Child steps… https://t.co/4F95yEbnp5

    — CZ 🔶 BNB (@cz_binance) February 15, 2025

    The particular characterization of Bitcoin as “like gold solely… digital… digital” by Powell implies a rising adoption of cryptocurrencies inside conventional monetary frameworks.

    What Jerome Powell thinks about Bitcoin👇

    Bitcoin is digital gold. It’s not right here to switch the greenback, however a powerful competitor to gold. pic.twitter.com/AwbeCCQ15I

    — Kashif Raza (@simplykashif) February 15, 2025

    Regardless of this, he said that Bitcoin is unable to problem the supremacy of the greenback due to its extremely risky nature and its restricted use as a cost technique.

    Financial Constraints & The Difficult Crypto Panorama

    The cryptocurrency market at present operates in opposition to a backdrop of regarding financial indicators that threaten to delay the anticipated bull cycle.

    In January, the Producer Value Index (PPI) reached its highest stage since February 2023 at 3.5%, whereas the Client Value Index (CPI) confirmed a 3% enhance in inflation, marking its highest stage since February 2023.

    Federal Reserve Chair Backs Bitcoin As ‘Digital Gold’—A Turning Level For Crypto?
    BTC is now buying and selling at $96,337. Chart: TradingView

    Regardless of these challenges, Bitcoin has been remarkably resilient; on main exchanges, 24-hour commerce volumes have topped $22 billion. The market worth of the cryptocurrency market has elevated to about $2.3 trillion over the previous two years on account of vital institutional funding.

    Financial Coverage Selections

    Powell’s feedback on February eleventh reaffirmed the Federal Reserve’s dedication to Quantitative Tightening (QT) whereas resisting the reimplementation of Quantitative Easing (QE) till below extreme financial circumstances. This place has appreciable ramifications for threat property resembling cryptocurrencies.

    Bitcoin Nonetheless At $96k Degree

    Bitcoin was promoting above $96,000 on the time of this writing. It had been shifting between $94,000 and $95,000.

    Featured picture from Pexels, chart from TradingView





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    $400,000,000 Coinbase Hack Linked to India-Primarily based Worker Caught Taking Images of Pc Display: Report – The Every day Hodl

    June 4, 2025

    XRP Ledger battles inflow of rip-off crypto tasks as Ripple eyes world monetary position

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025
    Latest Posts

    Solely 320 Billion Shiba Inu Transacted in 24 Hours; Elon Musk Brings up Bitcoin 1st Time in 3 Years; 10,710,000,000 in DOGE as Open Curiosity Returns to Peak Ranges: Crypto Information Digest by U.As we speak

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    High Crypto Gainers Immediately Dec 14- Fantom, Algorand, DeXe, Cosmos

    December 15, 2024

    Ripple's XRP Bid for US Crypto Reserve Sparks Heated Debate

    January 24, 2025

    XRP Overtakes BNB To Turn out to be Fifth-Largest Crypto by Market Cap Following 298% Rally in November – The Each day Hodl

    December 1, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.