Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020.The chief of a new and rapidly growing platform for crypto offerings sees bitcoin hitting $100,000 by the start of next year.
CoinList CEO Graham Jenkin is bullish on the cryptocurrency, which hit a new record high of $66,000 on Oct. 20 following the launch of a hotly-anticipated U.S. bitcoin futures ETF. The digital currency has since pared some of its gains, trading at $59,052 per coin at 6:45 a.m. in London Thursday."Most of the folks at CoinList will bet that we're at $100,000 by the end of the year.
A number of financial experts and companies see the currency reaching and even surpassing that $100,000 mark. They point to inflation and the ETF launch as creating a perfect environment for bitcoin to thrive, describing it as a hedge for inflation.month that he prefers the cryptocurrency as an inflation hedge over gold.
"There's a plan in place for crypto and clearly it's winning the race against gold at the moment ... I would think that would also be a very good inflation hedge," Jones told CNBC's
Try Dec.
Why do bearish..
Will he eat his dick if he’s wrong?
I’m keeping this kind of messages till then.
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