In October 2024 (even before the recent bull market for Bitcoin), the Treasury Borrowing Advisory Committee (TBAC) advised the U.S. Treasury Department that Bitcoin “seems to be a store of
value aka “digital gold” in a decentralized finance (DeFi) world; speculative interest seems to have played a prominent role in the growth of digital tokens thus far.”
Then, on December 4, 2024, Fed Chairman Jerome Powell also described Bitcoin as “digital gold.”
The slides are available below: