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In response to "super cool that a crypto bro will be running the SEC in a couple months -- nm" by mr mooch

Powell: “It’s just like gold, only it’s virtual" -- (link)

Posted by oblique (aka kkuphal) Dec 5 '24, 13:31

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https://bsky.app/profile/nbcnews.com/post/3lcl7xhuzws2p (bsky.app)

For those who watch crypto markets, Federal Reserve Chair Jerome Powell's recent comments provided a sense of legitimacy for bitcoin. “It’s just like gold, only it’s virtual," Powell said. "It’s not a competitor for the dollar, it’s really a competitor for gold.”
— NBC News (@nbcnews.com) 2024-12-05T17:46:37.232Z

Responses:

in the sense that goldbugs are also irrationally batshit, i guess -- nm - mr mooch Dec 5, 13:50 1
- "even Larry Summers is dunking on you" -- (link) - mr mooch Dec 5, 13:51

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