แƒกแƒแƒฎแƒšแƒ”แƒ›แƒฌแƒ˜แƒคแƒ แƒ—แƒแƒ•แƒ›แƒฏแƒ“แƒแƒ›แƒแƒ แƒ” Jerome Powell แƒแƒ“แƒแƒ แƒ”แƒ‘แƒก แƒ•แƒ˜แƒ™แƒ˜แƒžแƒ”แƒ“แƒ˜แƒ แƒแƒฅแƒ แƒแƒก

Ledger Nano S - แƒฃแƒกแƒแƒคแƒ แƒ—แƒฎแƒ แƒแƒžแƒแƒ แƒแƒขแƒฃแƒ แƒ แƒกแƒแƒคแƒฃแƒšแƒ”

Federal Reserve Chairman Jerome Powell said he can envision a return to an era where multiple currencies are in use in the United States.

During Powellโ€™s testimony before the Senate Banking Committee on Facebookโ€™s plannedLibra cryptocurrency, แƒ›แƒแƒœ แƒ—แƒฅแƒ•แƒ: โ€œThe size of Facebookโ€™s network means it could be, essentially, immediately systemically important.โ€

Though the initiative raised โ€œa lot of serious concerns,โ€ including privacy, money laundering, consumer protection, and financial stability, he began to speak favorably about other cryptocurrencies.

โ€œAlmost no one uses bitcoin for payments, they use it more as an alternative to gold,โ€ he said Thursday afternoon. โ€œItโ€™s a speculative store of value.โ€

Powell has stated in the past that the United States should not return to the gold standard. Some took the statement as referring to a call to โ€œdrop gold, buy bitcoin.โ€

Disclosure: Silbert is the head of CoinDesk owner DCG.

Image via Shutterstock.

แƒกแƒแƒฎแƒšแƒ”แƒ›แƒฌแƒ˜แƒคแƒ แƒ—แƒแƒ•แƒ›แƒฏแƒ“แƒแƒ›แƒแƒ แƒ” Jerome Powell แƒแƒ“แƒแƒ แƒ”แƒ‘แƒก แƒ•แƒ˜แƒ™แƒ˜แƒžแƒ”แƒ“แƒ˜แƒ แƒแƒฅแƒ แƒแƒก

แƒ’แƒ—แƒฎแƒแƒ•แƒ—, แƒ“แƒแƒ˜แƒชแƒ•แƒแƒก แƒ“แƒ แƒฉแƒ•แƒ”แƒœแƒœแƒแƒ˜แƒ แƒ˜:
แƒจแƒ”แƒชแƒ“แƒแƒ›แƒ
Ledger Nano S - แƒฃแƒกแƒแƒคแƒ แƒ—แƒฎแƒ แƒแƒžแƒแƒ แƒแƒขแƒฃแƒ แƒ แƒกแƒแƒคแƒฃแƒšแƒ”

แƒ“แƒแƒขแƒแƒ•แƒ”แƒ— แƒžแƒแƒกแƒฃแƒฎแƒ˜

แƒ”แƒก แƒกแƒแƒ˜แƒขแƒ˜ แƒ˜แƒงแƒ”แƒœแƒ”แƒ‘แƒก Akismet แƒจแƒ”แƒแƒ›แƒชแƒ˜แƒ แƒแƒก spam. แƒ•แƒ˜แƒกแƒฌแƒแƒ•แƒšแƒแƒ— แƒ—แƒฃ แƒ แƒแƒ’แƒแƒ  แƒ—แƒฅแƒ•แƒ”แƒœแƒ˜ แƒ™แƒแƒ›แƒ”แƒœแƒขแƒแƒ แƒ˜ แƒ›แƒแƒœแƒแƒชแƒ”แƒ›แƒ”แƒ‘แƒ˜แƒก แƒ“แƒแƒ›แƒฃแƒจแƒแƒ•แƒ”แƒ‘แƒ.