Rick Rieder Emerges as Top Contender for Fed Chair, Previously Stated Bitcoin Will Replace Gold

Odaily News Rick Rieder, a leading candidate for Federal Reserve Chair, has previously stated that Bitcoin will replace gold and has advised investors to hold Bitcoin in their portfolios. Currently, on Polymarket, the probability of Rick Rieder becoming the next Fed Chair is being bet at 46%. Rick Rieder has expressed that Bitcoin, as a store of value, is more convenient than transporting gold bars, and that both Bitcoin and gold are assets that can provide stability to an investment portfolio.