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Sometimes one news item speaks about the crypto market more than a dozen charts.
US President Donald Trump has nominated Kevin Warsh for the position of head of the Federal Reserve.
And here is where it gets interesting.
Warsh has previously stated that the volatility of Bitcoin is too high for it to become a full-fledged unit of account or means of payment.
Sounds like classic skepticism from a central banker.
But there is a nuance.
He also acknowledges that #btc can function as a store of value. In fact - like gold.
That is, the person who could potentially head the Federal Reserve is placing Bitcoin in the same category as the main anti-inflation asset on the planet.
Not currency.
But store of value.
A few years ago in Washington, $BTC was called "a toy for speculators."
It seems that even central bankers are gradually going through the classic path of a crypto investor:
first they laugh, then they deny, and then they quietly begin to acknowledge.
The question now is just one.
How long will it take for the system to accept what the market has already understood.