Bitcoin is outperforming gold amid heightened uncertainty in the markets, though both are no doubt reacting to geo-macro events.
Powell compared bitcoin to gold, referring to them both as speculative stores of value.
Bitcoin has shed $1,400 over the last seven days, contradicting gold's 5.4 percent price rise to the highest since February.
The founder of GoldMoney.com is upset that Grayscale compared gold unfavorably to cryptocurrencies.
The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.
Correlation isn't causation, but it looks like gold's fall is driving bitcoin prices up.
Cryptocurrencies can't match gold on stability and volume, and are not a direct competitor, says the World Gold Council.
Bitcoin traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices.
Eidoo, the multicurrency crypto wallet and decentralized exchange, has announced a new token that's redeemable for actual gold.
Precious metals trading startup Tradewind announced its first blockchain project, a system meant to help trade gold, on Monday.