The CEO of Valkyrie Investments, Leah Walk, has revealed during an interview she believes the price of the flagship cryptocurrency will move up over the fourth quarter of the year, and disagreed with JPMorgan CEO Jamie Dimon\u2019s opinion on BTC being \u201cfool\u2019s gold.\u201d<\/p>\n
Speaking on Bloomberg Quicktake, Leah Wald noted that the $50,000 mark was a psychological barrier that needed to be breached, and that if the cryptocurrency manages to remain above that level the firm expects the bull run to \u201ctake it to near highs.\u201d<\/p>\n
According to CryptoCompare data, the price of bitcoin has breached the $50,000 mark this week and is currently trading at $54,000. The cryptocurrency may be moving up on rumors suggesting the U.S. Securities and Exchange Commission (SEC) will approve a BTC exchange-traded fund later this month.<\/p>\n
As CryptoGlobe reported Bobby Lee, a cryptocurrency industry veteran who co-founded the BTCC exchange and is the brother of Litecoin creator Charlie Lee, has revealed during an interview he expects bitcoin to see a rally driven by fear of missing out (FOMO) by the end of the year\u00a0that will take its price above the $100,000 mark.<\/p>\n
Adam Back, the CEO of blockchain technology firm Blockstream and the third person to ever own bitcoin, has also suggested that\u00a0BTC hitting $100,000 this year is \u201cquite possible,\u201d\u00a0before saying that in the long run hitting the $500,000 mark is \u201cfeasible.\u201d<\/p>\n
When asked for a bitcoin price prediction, Wald dodged the question, and said instead she was excited for the fourth quarter of the year. Commenting on JPMorgan CEO Jamie Dimon\u2019s opinion on BTC, she said:<\/p>\n
I obviously don\u2019t think that it is fool\u2019s gold. I think it is a wonderful digital gold and has done a brilliant job of nailing that store of value narrative.<\/p>\n
The CEO added she believes we\u2019re \u201cstill in a collectibles phase,\u201d with the crypto industry still establishing itself. Per her words, it\u2019s becoming one of the strongest monetary networks and \u201cabsolutely a digital store of value.\u201d<\/p>\n
She added regulators in the U.S. are taking a careful approach to the cryptocurrency market, which is a \u201cgood thing.\u201d As for central bank digital currencies (CBDCs), Wald said these could help solidify and strengthen bitcoin\u2019s case.<\/p>\n