- Leah Wald, CEO of Valkyrie Investments, said she doesn’t think BTC is fool’s gold, unlike the CEO of JPMorgan. “I think it’s great digital gold and has done a great job nailing this store of value narrative.”
- Wald added that while Bitcoin is still in its infancy, “it is establishing itself as one of the most powerful cash networks and a digital store of value ever.”
- When it comes to the digital dollar, her view is that it “will strengthen and strengthen the Bitcoin cause.”
On Monday, I interviewed Valkyrie Investments CEO Leah Wald Day Bloomberg Kwik Tech. She discussed the price of bitcoin, which at the time was hovering around $48,000, and shared her thoughts on JPMorgan CEO Jamie Dimon’s view that “Bitcoin is ‘fool’s gold’.”
“If Bitcoin manages to break above $50,000 and maintains this price, we expect it to drive this upward trend to nearly all-time highs during the fourth quarter,” Wald said. “I’m really excited for October; I’m excited for the fourth quarter.”
Her predictions have come true so far. After jumping above $50,000 on Tuesday, Bitcoin go up It’s up to $55,000 today as was about $27 million in BTC futures shorts filter it.
Wald also refuted Dimon’s claims that bitcoin has no intrinsic value and is a “foolish bit of gold.”
“Obviously I don’t think he’s gone idiot,” Wald asserted. “I think it’s great digital gold and has done a great job nailing this store of value narrative.”
“I think we’re still in the collectibles stage,” she added. “But little by little it is establishing itself as one of the most powerful cash networks and a digital store of value ever.”
The head of Valkyrie Investments also commented on the Federal Reserve’s recent moves regarding a central bank digital currency (CBDC). It expects the organization to begin reviewing the pros and cons of CBD in the US soon and is seeking public comment on the digital dollar.
When asked about the impact of the digital dollar on the price of bitcoin, Wald said she believes the outcome will be very bullish.
“Personally, I think so [a digital dollar] It would strengthen and strengthen the case for bitcoin.”
