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Three months ago during a Senate hearing, Federal Reserve Chairman Jerome Powell remarked, “With cryptocurrencies, it’s not that they didn't aspire to be a payment mechanism, it’s that they’ve completely failed to become one except for people who desire anonymity, of course, for whatever reason.”
While the Federal Reserve Chairman might have had his reasons, the present-day market situation speaks volumes about how incorrect this statement turned out to be. In recent months, cryptocurrencies have not only gained mainstream acceptance and legitimacy but have also reached their full potential of
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