Fed Chair Jerome Powell Could ‘Slow Crypto Down’ in His Second Term, Warns Billionaire Mike Novogratz – Economics Bitcoin News

Fed Chair Jerome Powell Could 'Slow Crypto Down' in His Second Term, Warns Billionaire Mike Novogratz

Billionaire investor Mike Novogratz has cautioned that Federal Reserve Chairman Jerome Powell could slow down the crypto market in his second term in office. Commenting on his renomination, Novogratz said Powell could “act more like a central banker than a guy that wants to be reappointed.” How Jerome Powell’s Second Term as Fed Chair Could … Read more

Gold Is Becoming Poor Man’s Crypto – Economics Bitcoin News

Goldman Sachs Says 'Crypto and Gold Do Not Have to Cannibalize Each Other'

Goldman Sachs’ head of energy research says, “Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve argued historically that crypto and gold do not have to cannibalize each … Read more

Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value – Economics Bitcoin News

Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value

Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value … Read more