On July 31, Tom Lee, who is one of the founders of Fundstrat Global Advisors, said in an interview that he believes recent interest rates made by the U.S. Federal Reserve has helped Bitcoin.

During the interview, Lee said that investors are increasingly seeing Bitcoin as a "macrohedge" against any number of things that could go wrong in the financial world. He added that, "Liquidity is pushing money into all these risk assets and also hedges, which is helping Bitcoin."

Lee made these remarks as Bitcoin once again climbed above the $10,000 threshold. When asked if he had a target price in mind for Bitcoin, he answered that he did not. But, at the same time, he added that he thinks that it is a good possibility that the price of Bitcoin this year will reach its all-time high, which was around $20,000.

The interview also briefly touched upon Libra, which is Facebook's upcoming digital currency. He was specifically asked about comments Federal Reserve Chairman Jerome Powell had made before U.S. House Financial Services Committee about the currency and the concerns he has about it. These concerns are related to issues such as money laundering, privacy, financial stability and consumer protection.

Lee does not think that the chairman's concern about Libra were applicable to Bitcoin. He mentioned how Bitcoin has a fundamentally different architecture than Libra, and so that — while he thought Powell's comments about Libra were well reasoned — he does not believe that they apply to Bitcoin.

In related news, Chamath Palihapitiya, who is the CEO of a venture capital company called Social Capital, mentioned in a recent interview how Bitcoin is being used more and as a macrohedge investment. He further said that he thought that Bitcoin was by far the best hedge against the world's traditional financial system. He added, "Whether you support fiscal and monetary policy or not, it doesn't matter: this is the shmuck insurance under your mattress."