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Fed Chair Powell Says Crypto Is Going Mainstream
In a recent speech, Federal Reserve Chairman Jerome Powell expressed his views on the growing mainstream adoption of cryptocurrencies, including stablecoins. The chair stated that while he does not have a personal opinion about digital assets, he believes they are becoming increasingly popular.
Powell acknowledged that cryptocurrencies could have a “fairly wide appeal” and emphasized that stablecoins, in particular, were gaining traction. His comments come as the price of Bitcoin (BTC) has surged to a 25% increase within the past week, following concerns about inflation and economic growth slowing down.
Additionally, Powell addressed the ongoing debate around cryptocurrency adoption by highlighting that Bitcoin’s market capitalization had reached an all-time high, surpassing previous peaks seen in November.
Source: https://u.today/fed-chair-powell-says-crypto-is-going-mainstream
