With Bitcoin trading around the $58,000-level at press time, many in the community are rejoicing thanks to the larger market’s bullish sentiments.
With the asset expected to hike to a valuation of $100K, Bitcoin’s long-term bull cycle is yet to well and truly turn heads in the mainstream market, even though the likes of Tesla and MicroStrategy have jumped in.
It should be noted, however, that Stromberg did acknowledge the fact that few companies, irrespective of their past skepticism, have started to incorporate crypto in their balance sheets.
Back in 2017, JP Morgan CEO Jamie Dimon had said that Bitcoin was a fraud that will eventually blow up.
In what is yet another interesting development, reports have emerged that SNB’s chairman Thomas Jordan commented on the liquidity of the cryptocurrency market.
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