House Majority Leader Scalise on DOGE & The NYT DealBook Summit 12/05/24
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Bitcoin's Price Surge: Speculation vs. Viability
This chapter explores the recent surge of Bitcoin past $100,000, examining contrasting views on its status as a speculative asset versus a legitimate currency. It delves into the implications of cryptocurrency perceptions for policymaking, especially in light of comments from Fed Chair Powell. Furthermore, the discussion addresses the psychological factors influencing investment in digital currencies and their evolving role as a store of value.
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