Jerome Powell, the Chairman of the Federal Reserve, has shown a notable shift in his stance on Bitcoin 
$97,681, capturing the attention of the market. Following this change, Binance founder Changpeng Zhao expressed a positive view on Powell’s new approach. Contrary to his previous negative stance, Powell has compared the digital asset to gold, a perspective that is being closely examined by market observers.
Powell’s New Perspective
During an interview at the renowned New York Times DealBook Summit, Powell highlighted Bitcoin’s speculative nature. He stated that Bitcoin is used as a speculative asset by people and can be valued similarly to gold, albeit virtually. These comments have sparked various interpretations within the overall market.
Jerome Powell: “People use BTC ($97,735.37) as a speculative asset; it’s like gold, but virtual.”
CZ’s Assessment
Changpeng Zhao shared Powell’s positive remarks, noting tha…
