In a widely circulated X video clip, Jerome Powell, Chair of the Federal Reserve, stated: “Bitcoin is like gold. It’s just digital gold.” Reported by @bitcoinarchive, this rare acknowledgment by the U.S.’s top monetary authority highlights Bitcoin’s emerging role as a store of value—though framed descriptively, not as policy endorsement.

VECS Commentary
Powell’s remark carries two critical layers of meaning. First, rhetorically, it’s an implicit validation: calling Bitcoin digital gold acknowledges three key traits: Scarcity (21 million cap, akin to finite gold supply); Inflation resistance (especially post-pandemic & massive QE); Function as a safe-haven during systemic trust crises. Second, strategically, it’s a subtle containment maneuver: By emphasizing “just” digital gold, Powell positions Bitcoin outside the core financial system—not as currency, but as a commodity. This implies: no threat to the dollar, no need for monetary-policy response, and minimal regulatory urgency. It’s containment, not embrace.

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**This news was obtained and summarized from various sources on the internet.