Impact of Fed's words on Bitcoin value?Knowledgeable precious metals experts constantly remind us all that a key component of precious metals is that they are actual, hard, physical assets. They are NOT illusionary or something that derives it's value from something else. When 60 minutes chased Fed Chair Powell tonight about risk in the markets particularly a possible "bubble market" Chair Powell stated a series of reasons why this market is not in a bubble; but when asked the question what is the key risk you worry about ? he answered --cyber attacks.
Since BITCOIN is a created value in the electronic market, Powell's answer said to me that Bitcoin as a digital currency is FAR riskier than precious metals.
It will be interesting to see if the Bitcoin price value changes as a result of the Chairman's remark.