Rick Rieder is a leading candidate for Federal Reserve Chairman, having previously stated that Bitcoin will replace gold.

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According to Odaily Odaily, Rick Rieder, a leading candidate for Federal Reserve Chair, has stated that Bitcoin will replace gold and advised investors to hold Bitcoin in their portfolios. Currently, Polymarket rates Rick Rieder's chances of becoming the next Fed Chair at 46%. Rieder has stated that Bitcoin is a more convenient store of value than gold bars, and that both Bitcoin and gold provide stability to investment portfolios.

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