Mary Daly, the president of the San Francisco Federal Reserve Bank, recently stated that Cryptos should be regarded as an independent asset class, rather than being confused with Gold as often seen.

Daly said in a podcast: 'I think Cryptos are a complex matter, and the services we need to provide for everyone are to truly interpret their meaning, and only after doing that can we call it Cryptos.'

She continued: 'It could be a currency. It might be a medium of exchange... it can also be Stocks - an asset that retains or sometimes depreciates in value. We just need to define these terms.'

'So I do not think it is Gold. It just occasionally has attributes like Gold, but I do not think (it is the same asset as Gold).' she added.

Daly's assessment differs somewhat from that of Federal Reserve Chairman Jerome Powell, whose comments earlier this month inspired the crypto community.$Bitcoin (BTC.CC)$The commentary from Powell earlier this month in turn sparked interest in the cryptocurrency sector.

Powell stated at that time: 'People view Bitcoin as a speculative asset. But I think, like Gold, it is just that it is virtual, it is digital. People do not see it as a means of payment or a store of value. It is very volatile. It is not a competitor to the dollar, but it is indeed a competitor to Gold.'

To some extent, Daly also agrees with Powell's view that Cryptos are not yet ready to be considered currency.

She explained: "The property it needs is that it must grow along with economic growth. So its value will not change just because people want it. Just as when more people want a dollar bill, the dollar bill does not appreciate. What causes fluctuations in the dollar are the economy and our growth rate relative to other countries. Therefore, to become a currency, it must perfect this property."

However, although Cryptos seem to have a long way to go before being recognized as a currency by Congress, it has not stopped the momentum behind various digital Assets Call Trades.

Since Donald Trump was elected on November 5, the most popular crypto $Bitcoin (BTC.CC)$ has continued to perform well, breaking the $0.1 million mark for the first time on December 4. Since Election Day, the price of Bitcoin has increased by 37%, rising 119% this year.

In addition, so far this year,$Coinbase (COIN.US)$and$Robinhood (HOOD.US)$The stocks related to Cryptos surged by 47% and 200% respectively.

Investment Bank Analyst Mark Palmer from Benchmark Company stated: "The mere fact that someone is focused on making the USA a leader in Cryptos, Bitcoin mining, and other areas mentioned by President Trump is already a huge change. We hypothesize in our analysis that by the end of 2026, Bitcoin's price will reach 0.225 million dollars."

"We are seeing more and more Institutions adopting Bitcoin, which is key," he added.

Editor/rice