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2019-07-11 22:02:42 Bitcoinist

Fed Chairman Powell: Bitcoin Is A Store of Value Like Gold

Cryptocurrencies took the center stage again during Federal Reserve Chairman Jerome Powell’s second day of testimony before the U.S. Senate. Today, lawmakers expressed their concerns about the threat that bitcoin and other cryptocurrencies pose to the financial system, including the possible challenge of bitcoin replacing the U.S. dollar as the world reserve currency. Powell: The U.S. Should Not Assume That The Dollar’s Status As A Reserve Currency Would Last Forever During the second day ofRead MoreThe post Fed Chairman Powell: Bitcoin Is A Store of Value Like Gold appeared first on Bitcoinist.com.