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Fed Chair Powell Says Crypto Is Going Mainstream
Federal Reserve Chairman Jerome Powell has reiterated his stance on cryptocurrency, stating that it is going mainstream. This comes as the crypto market experiences a significant surge in adoption and value.
During his recent speech, Powell emphasized that there will be higher inflation and slower economic growth due to the unforeseen impact of tariffs, which proved to be much larger than initially anticipated. He also noted that economic growth has cooled in the U.S. compared to the previous year.
The Fed Chair further elaborated on his stance regarding cryptocurrency, stating that it is becoming increasingly popular and could potentially have a “fairly wide appeal.” This sentiment aligns with his previous statements suggesting that Bitcoin (BTC) may act as a digital version of gold.
Powell’s remarks highlight the growing recognition of cryptocurrency within the mainstream financial sphere.
Source: https://u.today/fed-chair-powell-says-crypto-is-going-mainstream
