welcome
CoinGape

CoinGape

Business

Business & Economics

Binance Founder CZ Highlights Fed Chair Jerome Powell's Shifting Bitcoin Stance

CoinGape
Summary
Nutrition label

65% Informative

Binance founder Changpeng Zhao (CZ) spotlights how Jerome Powell's approach towards Bitcoin is taking an optimistic shift.

Powell sees the digital asset as parallel to gold, although there is a catch.

Powell still believes BTC to be of no comparison to the U.S. dollar, given its high volatility and lack of use as a payment method.

CZ’s comments sparked discussions over a loosened grip on risk assets by the Fed moving ahead.

VR Score

45

Informative language

33

Neutral language

35

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links