• The CEO of Valkyrie Investments predicts that the price of bitcoin will rise in the fourth quarter

  • Leah Walk, CEO of Valkyrie Investments, stated in an interview that she believes the price of the flagship cryptocurrency will rise in the fourth quarter of the year, and she disagreed with JPMorgan CEO Jamie Dimon’s assessment of BTC being “fool’s gold.”

    Leah Wald, stated that the $50,000 mark was a psychological barrier that needed to be broken, and that if the cryptocurrency manages to stay above that level, the bull run will “take it to near highs.”

    Bitcoin’s price has surpassed $50,000 this week, according to CryptoCompare data, and is currently trading at $54,000. The cryptocurrency may be rising as a result of rumors that the Securities and Exchange Commission (SEC) of the United States will approve a BTC exchange-traded fund later this month.

    Bobby Lee, a cryptocurrency industry veteran who co-founded the BTCC exchange and is the brother of Litecoin creator Charlie Lee, stated in an interview that he expects bitcoin to experience a rally driven by fear of missing out (FOMO) by the end of the year, pushing its price above $100,000.

    Adam Back, the CEO of blockchain technology firm Blockstream and the third person to ever own bitcoin, has also stated that BTC reaching $100,000 this year is “quite possible,” before adding that reaching $500,000 in the long run is “feasible.”

    When asked for a bitcoin price prediction, Wald avoided the question by saying she was looking forward to the fourth quarter of the year. In response to JPMorgan CEO Jamie Dimon’s views on Bitcoin, she stated:

    Obviously, I do not believe it is fool’s gold. I believe it is a fantastic digital gold and has done an excellent job of nailing the store of value narrative.

    The CEO went on to say that she believes we are “still in a collectibles phase,” with the crypto industry still in its early stages. According to her, it is quickly becoming one of the most powerful monetary networks and “absolutely a digital store of value.”

    She went on to say that regulators in the United States are taking a cautious approach to the cryptocurrency market, which is a “good thing.” Wald believes that central bank digital currencies (CBDCs) could help to solidify and strengthen bitcoin’s case.

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