---
title: "Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell"
url: https://diffcoin.com/bitcoin-is-a-competitor-to-gold-not-the-us-dollar-reiterates-feds-powell/
description: "US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar. Source link"
published: 2024-12-05
updated: 2024-12-05
author: "Mila"
site: "Diffcoin"
---

# Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell

US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.

[Source link](https://cointelegraph.com/news/bitcoin-competes-with-gold-us-dollar-says-fed-jerome-powell?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)