Oh, here we go again! 🤯 The Federal Reserve’s Christopher J. Waller has officially declared Bitcoin “like electronic gold,” which is basically the financial world’s version of saying, “I’m not sure what this is, but it’s definitely not a scam… probably.” 🧠💸 The asset, he claims, is a “non-yielding store of value” that relies on “collective belief” rather than, you know, actual cash flows. Because nothing says “investment” like buying something because everyone else is doing it. 🤷♀️
Bitcoin Is ‘Like Electronic Gold’
“Look, I’ve always said Bitcoin was going to end up being something like electronic gold. It’s a store of value. It promises no return. It’s just… you buy it and hold it for some appreciation. That’s exactly what you do. It’s commodities like gold. That’s it. There’s nothing wrong with it. It has a positive price. It doesn’t have any fundamental value. I don’t think gold has really any fundamental value either,” Waller said, as if he’s explaining quantum physics to a toddler. 🧠👶
The “electronic gold” analogy is so fresh, it’s practically a new meme. Waller’s been on this train for ages, insisting that Bitcoin is less of a payment system and more of a “wealth-preservation vehicle” – which sounds like a fancy way of saying, “I’m not sure what this is, but it’s shiny.” 🎩💎
JUST IN: Fed Governor Waller says Bitcoin is “like electronic gold.”
– Bitcoin Archive (@BTC_Archive) October 21, 2025
Meanwhile, the Fed is busy trying to figure out how to handle digital assets, as if they’re not the ones who accidentally created the whole mess. Waller’s comments also coincided with a “payments-innovation agenda” that sounds more like a tech conference than a central bank’s job description. 🤔
And let’s not forget Fed Chair Jerome Powell, who compared Bitcoin to gold in 2024, calling it “virtual and digital.” Because nothing says “financial stability” like a digital rock. 🪨💰
Together, these statements have basically made Bitcoin the financial world’s version of a cult – except instead of a leader, you have a blockchain. 🧠🌀
At press time, BTC traded at $107,985. Because nothing says “value” like a number that changes every second. 📈💸
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2025-10-22 17:49