Powell Says Bitcoin is “Just Like Gold.” Except It’s Not
Jerome Powell recently told reporters that Bitcoin is “like gold—only digital.”
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Jerome Powell recently told reporters that Bitcoin is “like gold—only digital.”
Gold’s phenomenal year so far is thanks in part to foreign central banks buying the yellow metal. With BRICS nations expanding their membership and growing in prestige, superpowers like China will likely turn to gold to escape the collapsing dollar.
The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends.
After nearly 10 months of issuing mostly short-term debt, the Treasury finally issued Notes in 2 of the last 3 months.
The U.S. abandoned the gold standard in 1933. But ninety-one years later, in the midst of an inflation crisis, investors are flocking back to the original. The U.S. government is set to print about $200 billion in bills in 2024. That’s $548 million for every day. Despite the rampant inflation reducing consumer purchasing power around […]
The monetary battle of the 20th century was gold vs. fiat. But the monetary battle of the 21st century will be gold vs. bitcoin. With Wall Street jumping into the game with bitcoin ETFs, a bitcoin halving recently splitting the block reward for miners in half, and both gold and bitcoin hovering near their all-time highs, it’s a great time for […]