PANews reported on December 5 that Federal Reserve Chairman Jerome Powell said at the New York Times DealBook Summit that Bitcoin is more like a speculative asset, similar to gold, but in a virtual and digital form. He pointed out that Bitcoin is not a competitor to the US dollar, but a competitor to gold, and is not yet widely used as a payment method, and its price volatility is large. It is worth noting that as the price of Bitcoin approaches $100,000, Powell reiterated his previous view that Bitcoin "has staying power." When asked if he would hold cryptocurrencies, Powell said he was not allowed to hold them due to his identity.