Market
What will be Bitcoin's price movement in Q1 2025?
2
Resolution / Starting Odds
Increase by more than 20% • 25%
Increase by 0-20% • 25%
Decrease by 0-20% • 25%
Decrease by more than 20% • 25%
Publicly available cryptocurrency market data from exchanges like Coinbase or Binance
Story
Fed Chair Powell Labels Bitcoin a Speculative Digital Gold, Not a Threat to U.S. Dollar
Dec 4, 2024, 07:47 PM
Federal Reserve Chair Jerome Powell stated at the DealBook Summit on December 4, 2024, that Bitcoin is a digital competitor to gold rather than to the U.S. dollar. He described Bitcoin as a speculative asset that is highly volatile and noted that people are not using it as a form of payment or store of value. Powell emphasized that Bitcoin is not a threat to the dollar but is similar to gold, only digital.
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