What Fed chief Powell said about crypto that may have aided bitcoin’s rally to $100,000

From cnbc.com

Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about the cryptocurrency, the central bank leader noted that he does not and cannot own any himself. In addition, he said the Fed’s role in regulating bitcoin and its competitors is limited. However, he also maintained that bitcoin is not a challenge for traditional currencies such as the U.S. dollar but rather for gold. “People use bitcoin as a speculative asset,” Powell told CNBC’s Andrew Ross Sorkin during the New York Times’ DealBook Summit. “It’s just like ... (full story)