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Valkyrie Investments CEO Leah Wald Says Bitcoin Is Digital Gold

  • Valkyrie Investments CEO Leah Wald stated that she would not suppose that BTC is idiot’s gold, in contrast to the JPMorgan CEO. “I think it is a wonderful digital gold and has done a brilliant job of nailing that store of value narrative.”
  • Wald added that though Bitcoin is nonetheless in its early levels, “it is establishing itself as one of the strongest monetary networks and absolutely a digital store of value.”
  • When it comes to a digital greenback, her opinion is that it will “solidify and strengthen the case for bitcoin.”

On Monday, Valkyrie Investments CEO Leah Wald was interviewed on Bloomberg Quicktake. She mentioned the bitcoin value, which on the time was hovering round $48,000, and shared her ideas on JPMorgan CEO Jamie Dimon’s opinion that “Bitcoin is “idiot’s gold.”

“If bitcoin can push previous $50,000 and preserve this value we do count on this bull run to take it to close to highs throughout the fourth quarter,” Wald said. “I’m very excited for October; I’m excited for This autumn.”

Her predictions have materialized to date. After leaping previous $50,000 on Tuesday, bitcoin climbed as excessive as $55,000 right this moment as round $27 million of BTC futures shorts have been liquidated.

Wald also refuted Dimon’s claims that bitcoin has no intrinsic value and is “just a little little bit of idiot’s gold.”

“I clearly do not suppose that it is idiot’s gold,” Wald asserted. “I think it is a wonderful digital gold and has done a brilliant job of nailing that store of value narrative.”

“I believe we are nonetheless in a collectibles part,” she added. “But little by little it is establishing itself as one of many strongest financial networks and completely a digital retailer of worth.”

The head of Valkyrie Investments also commented on the recent movements of the Federal Reserve in regards to a central bank digital currency (CBDC). She expects the organization to begin reviewing the pros and cons of a CBDC in the U.S. soon and seek public comments on the digital dollar.

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