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Jerome Powell's Speech: Bitcoin as Digital Gold and ETF Inflows

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by Giorgi Kostiuk

2 hours ago

In August 2025, Federal Reserve Chair Jerome Powell delivered a speech comparing Bitcoin to gold, highlighting its status as a speculative asset.

Comparison of Bitcoin to Gold

During his speech at Jackson Hole, Powell remarked, "People use Bitcoin as a speculative asset. It's like gold, only digital."

Growing Interest in Bitcoin ETFs

Following Powell's statement, there was a significant surge in Bitcoin ETF inflows, with a record $1 billion recorded in a single day. Institutional investors began reallocating funds from equities to Bitcoin, supporting its safe-haven status.

Bitcoin as a Reliable Asset

The comparison of Bitcoin to gold has also reflected in its perception within financial markets, with Bitcoin prices rising by 2% post-speech. Discussions on Twitter and GitHub highlight Bitcoin's increasing role as a portfolio asset.

Powell's comparison of Bitcoin to gold reinforces its perception as a reliable asset. The increase in institutional inflows into Bitcoin underscores its potential in global financial portfolios.

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