CoinList CEO Expects Bitcoin to Hit $100,000

According to CoinList CEO Graham Jenkin, the top cryptocurrency of the world, Bitcoin, has plenty of legs to run on.

The CEO is expecting to see the digital ass hit $1000,000 by the start of 2022.

Bitcoin recently hit a new record high of $66,000 on October 20th after the massively anticipated U.S. bitcoin futures ETF launched.

“Most of the folks at CoinList will bet that we’re at $100,000 by the end of the year. It’s getting pretty tight so I’m not sure that we’re going to make it there, but that’s what we’re predicting toward the start of the year,” said Jenkin.

CoinList recently announced $100 million in series A funding, which has given it a valuation of $1.5 billion.

Billionaire investor Paul Tudor Jones has also told CNBC earlier this 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 “Squawk Box.” “It would be my preferred one over gold at the moment.”

Jurrien Timmer, Fidelity’s director of global macro, told CNBC recently that the the prediction is based on a supply and demand model he studies. “The next and last time those two models intersect is at $100,000 in a couple years,” he said.

JP Morgan Chase CEO Jamie Dimon still believes bitcoin is “worthless,” and has “no intrinsic value.”

He told Axios in early October: “I’ve always believed it’ll be made illegal someplace, like China made it illegal, so I think it’s a little bit of fool’s gold.”

He added that he thinks “regulators are going to regulate the hell out of it.”

Bitcoin bull Mark Yusko is warning of a pullback and calling it overbought.

“A pause that refreshes given how overbought we are right now wouldn’t surprise me,” Yusko said. “There is some risk of the buy the rumor, sell the news.” Still, Yusko sees any potential profit-taking as temporary and sees bitcoin hitting $250,000 in five years.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.