Bitcoin Challenges Gold as the New "Digital" Hedge in a $10 Trillion Crypto Surge
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Article Summary
The recognition of Bitcoin as a rival to gold by US Federal Reserve Chairman Jerome Powell signifies its growing acceptance in traditional finance, with increased trading volumes and institutional interest highlighting this shift. Meanwhile, regulatory challenges persist as the CFTC imposes record fines on FTX, emphasizing the need for clearer frameworks amidst ongoing cybersecurity threats targeting global telecommunications sectors.
