Loading...
Market
What will be the primary use case of Bitcoin by the end of 2025?
2
Resolution / Starting Odds
Store of value • 25%
Speculative investment • 25%
Medium of exchange • 25%
Other • 25%
Market research reports and surveys from financial institutions and cryptocurrency analysts
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.
View original story
Similar markets
Speculative Investment • 25%
Store of Value • 25%
Payment Method • 25%
Other • 25%
Establish a Strategic Reserve • 25%
Sell to reduce national debt • 25%
Hold as an investment • 25%
Other • 25%
Remittances • 25%
Investment • 25%
Everyday transactions • 25%
Tourism • 25%
Store of value • 25%
Medium of exchange • 25%
Both • 25%
Neither • 25%
Institutional investment • 25%
Retail investment • 25%
Technological advancements • 25%
Regulatory changes • 25%
Trading • 25%
Lending • 25%
Arbitrage • 25%
Other • 25%
Buying/Selling Cryptocurrency • 25%
Transferring to External Wallets • 25%
Holding Cryptocurrency • 25%
Other • 25%
Direct from exchanges • 25%
Over-the-counter (OTC) deals • 25%
Seized assets • 25%
Other sources • 25%
Finance • 25%
Technology • 25%
Retail • 25%
Other • 25%
Regulatory support from US government • 25%
Increased institutional investment • 25%
Mainstream adoption • 25%
Other • 25%
Investment in other cryptocurrencies • 25%
Cash out to fiat currency • 25%
Donation to charity • 25%
Other • 25%
Monetary policy tool • 25%
International trade settlements • 25%
Financial stability reserve • 25%
Other • 25%