Federal Reserve Chair Jerome Powell Just Gave Bitcoin a Ringing Endorsement

Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, has always been a controversial asset. It was essentially created out of thin air and has been quite volatile for over a decade. Some have accused the network of being a haven for criminals to launder money, while one of the world's best investors, Warren Buffett, has famously called it "probably rat poison squared."But now, advocates like Michael Saylor are having a moment with Bitcoin recently surpassing the $100,000 level. Can things get any better for the Bitcoin bulls? Yes, apparently. The world's largest cryptocurrency just got a ringing endorsement from Federal Reserve Chair Jerome Powell.Many, including myself, would argue that if there's one cryptocurrency to buy, it's Bitcoin. However, when you think about Bitcoin's network and utility, there's much to be desired. The network is clunky and can take minutes, or in some cases, hours to process transactions. Other crypto networks can process many transactions in seconds. It's also not a place developers look to build decentralized applications because of the network's limited smart-contract functionality.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool