Fed Chair Powell Equips Bitcoin with ‘Digital Gold’ Label

Federal Reserve Chair Jerome Powell recently likened Bitcoin to digital gold during the 2025 Jackson Hole Symposium, emphasizing its role as a speculative asset rather than a direct challenge to the U.S. dollar. This comparison sparked a surge in institutional investment into Bitcoin exchange-traded funds (ETFs). The shift reflects Bitcoin’s growing acceptance as a safe-haven asset amidst economic uncertainties. Powell’s remarks acknowledge Bitcoin’s position among investors like gold, despite its digital nature.