Chief of the new platform, which is rapidly growing in crypto offerings, sees bitcoin at $100,000 before next year.

Graham Jenkin, CEO of CoinList is positive about the cryptocurrency. It reached a record $66,000 Oct. 20, following the debut of the highly anticipated U.S. Bitcoin futures ETF. Since then, some gains have been lost and the coin traded for $59,052 at 6:45 am in London.

Jenkin, however, was positive about Bitcoin’s potential rise to greater heights.

CoinList predicts that CoinList will reach $100,000 before the end of this year. Although it is becoming very tight, I don’t think we can make it there. But that’s what our forecasts are for the first year.

CoinList announced $100 million in Series A funding to illustrate the increasing demand for cryptocurrency holdings. This has made it worth $1.5 Billion. 

Many financial professionals and businesses see bitcoin reaching or even exceeding the $100,000 mark. The ETF’s launch and inflation are seen as providing the perfect conditions for bitcoin to flourish, with many describing them as an inflation hedge.

Billionaire investor Paul Tudor Jones told CNBC earlier thisHe stated that the cryptocurrency was an ideal inflation hedge to gold last month.

“There is a strategy in place to protect crypto, and it clearly leads the race against gold right now.” Jones said. Jones said that he believed this would make a good inflation hedge. “Squawk Box.”It would be my preference over gold right now.

Fidelity Investments sees the currency at $100,000, but with a longer time frame.

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

There are still many bitcoin critics.

JP Morgan Chase CEO Jamie Dimon recently called bitcoin “worthless,”He stated previously that he thought the currency had no intrinsic value.

And while he sees bitcoin sticking around for the long term, he told AxiosEarly October: I believe it will be illegal in some place, such as China made it illegalIt is a small amount of fool’s-gold, therefore.

He said that “regulators will regulate it all”

United Wholesale Mortgage is the 2nd-largest U.S. mortgage lender. ditched its plan to accept payments in bitcoinThe author cited “the current combination incumbent costs and regulatory uncertainty” within cryptospace.

Mark Yusko (bi-currency bull) is warning investors about a possible pullback.

Yusko explained, “A pause that recharges us given how overbought our current situation would not surprise me.” There is a risk that the “buy the rumor and sell the news” strategy will fail. Yusko still sees potential profits-taking as temporary. bitcoin hitting $250,000 in five years

It is a good thing for CoinList to be positive about bitcoin. The platform’s CEO stated that volatility isn’t always a bad thing.

“As far as any impact of bitcoin price with respect to our platform, there’s definitely some impact, but it really tends to be kind of separated between what’s happening with respect to the bitcoin price and eagerness from our community to get access to early-stage tokens and offerings on the platform, so it impacts us less,” Jenkin said.

We don’t expect bitcoin to go to zero anytime soon, although it would certainly be a challenge to our platform if that happened.