Jerome Powell: “People use #Bitcoin as a speculative asset. It’s just like gold, only it’s digital.”

Powell and company can keep trotting out this trope but the data is clear and becomes more overwhelming every day; there are millions of people around the world who use bitcoin as their primary savings technology and send bitcoin payments to purchase things. MILLIONS.

Nostr’s circular bitcoin economy is a direct affront to the notion that bitcoin is purely speculative.