Marion Laboure, an analyst at Deutsche Bank Research and the author of Democratizing Finance, believes the value of Bitcoin (BTC) will continue going up depending on what people think it is worth.
It is relevant to consider the value of diamonds when talking about BTC, Laboure said during an interview. She pointed out that the price of diamonds has soared over the past 50 to 70 years, and the value increased due to communication around the gem.
She noted that the Tinkerbell effect, which describes things that are thought to exist only because people believe in them, plays a significant role in determining the value of BTC and other cryptos. To this end, Laboure believes it is difficult to specify the exact value of the flagship cryptocurrency.
Factors driving BTC’s growth
However, she believes four factors are responsible for pushing BTC’s price up and down over the years. The first aspect is psychology. Like in the case of diamonds, Laboure believes the price of BTC and other cryp
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