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Will any country adopt Bitcoin as legal tender by the end of 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from government or credible news sources
Story
Fed Chair Powell Calls Bitcoin "Digital Gold," Says It's Not a Competitor to the US Dollar
Dec 4, 2024, 07:34 PM
At the Dealbook Summit on December 4, 2024, Federal Reserve Chair Jerome Powell stated that Bitcoin is used as a speculative asset and is not a competitor to the US dollar. He described Bitcoin as "just like gold, only it's digital," emphasizing that it serves as an alternative to gold rather than a means of payment or a store of value. Powell noted that Bitcoin is highly volatile and that people are not using it as a form of payment.
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Similar markets
Other • 25%
United States • 25%
United Kingdom • 25%
Japan • 25%
No major entity • 25%
A major financial institution • 25%
A multinational corporation • 25%
Another country • 25%
Both China and Russia • 25%
China • 25%
Neither • 25%
Russia • 25%
Australia • 25%
United Kingdom • 25%
Canada • 25%
Other • 25%
No • 50%
Yes • 50%
Other • 25%
Turkey • 25%
Argentina • 25%
El Salvador • 25%
No longer legal tender • 33%
Remains legal tender • 33%
Voluntary use only • 33%
India • 25%
Russia • 25%
Other • 25%
China • 25%
Other • 25%
United States • 25%
China • 25%
El Salvador • 25%