Jerome Powell acknowledges Bitcoin as ‘Digital Gold’ – ‘Baby steps…’ – BitRss

• Powell acknowledges Bitcoin as a store of value but rejects it as a dollar competitor.
• Rising inflation and the Fed’s stance on QE put pressure on Bitcoin’s next rally.

U.S. Federal Reserve Chair Jerome Powell’s shifting stance on Bitcoin [BTC ($96,249.57)] has sparked renewed optimism in the crypto market.

Moreover, Binance [BNB ($669.56)] founder Changpeng Zhao (CZ) recently highlighted Powell’s evolving perspective, marking a shift from his previously cautious approach toward the BTC.

CZ praises Powell’s shift in stance

Speaking with Andrew Ross Sorkin at the New York Times DealBook Summit,