BITCOIN IS ‘LIKE ELECTRONIC GOLD,’ SAYS FEDERAL RESERVE GOVERNOR WALLER
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✍️ Federal Reserve Governor Christopher J. Waller compared Bitcoin to electronic gold, stating that its price is sustained by collective belief rather than cash flows.
👉 Bitcoin is a non-yielding store of value, promising no return 👉 Bitcoin's price is sustained by collective belief rather than cash flows 👉 Waller believes that Bitcoin is a belief-driven commodity, rather than a payments instrument 👉 Federal Reserve Chair Jerome Powell has also described Bitcoin as a speculative store of value 'like gold'
-- #ChristopherJ.Waller #JeromePowell #Barr #technology
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