During an interview on Monday, Valkyrie Investments CEO Leah Wald discuses Bitcoin. More so, Bloomberg Quicktake interviews Wald as regarding bitcoin as store of value. She goes on to share her thoughts as regarding JPMorgan CEO Jamie Dimon’s opinion that “Bitcoin is “fool’s gold.”
“If bitcoin can push past $50,000 and maintain this price we do expect this bull run…”
“…to take it to near highs during the fourth quarter,”
Wald says
“I’m very excited for October; I’m excited for Q4.”
Meanwhile, Her predictions always comes off every time so far. Notably, After getting past $50,000 on Tuesday, bitcoin is successfully climbing as high as $55,000 today. While, having around $27 million of BTC futures shorts on liquidation.
Furthermore, Wald opposes Dimon’s claims that bitcoin has no intrinsic value and is “a little bit of fool’s gold.”
“I obviously don’t think that it is fool’s gold,” Wald continues.
“I think it is a wonderful digital gold and has done a brilliant job of nailing that store of value narrative.”
“I think we are still in a collectibles phase,”
she adds
“But little by little it is establishing itself as one of the strongest…”
“…monetary networks and absolutely a digital store of value.”
Conclusively, The head of Valkyrie Investments comments on the recent movements of the Federal Reserve. Especially, in regards to a central bank digital currency (CBDC).
Notably, Wald is expecting the organization to start reviewing the pros and cons of a CBDC in the U.S. soon. Then, seek public comments on the digital dollar.
Finally, Wald goes on sharing that she thinks that a digital dollar will be bullish on Bitcoin.
“I personally think that [a digital dollar] would solidify and strengthen the case for bitcoin.”
