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Coinnounce 2021-03-23 07:31:10

US Federal Reserve chairman says bitcoin is a speculative asset

Bitcoin and other digital currencies are not backed by anything, and the world’s largest cryptocurrency is more like a speculative asset, according to a statement made by the Chairman of the Federal Reserve, Jerome Powell. During a virtual event organized by the Bank of International Settlements, Powell said that cryptocurrencies are highly volatile and digital assets like […]

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