Graham Jenkin, the CEO of CoinList, joins the BTC bull list forecasting impending gains by the end of the year.
New BTC heights mean new BTC goals.
With long-awaited U.S. Bitcoin futures ETFs finally becoming approved and launching, Bitcoin reached a new all-time high price of over $68,000 in early November.
CEO of CoinList, an ICO platform and exchange, adds himself to the long list of BTC bull prophets, recently saying:
“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.”
The recent kickoff of ETFs launches can only spur the momentum via new access points for institutional investments.
Regarding the ultimate Bitcoin growth timeline, there are many voices.
Jenkin is not alone, as many others see BTC reaching 100,000 by 2022 and even much higher.
For analysts like Michael van de Poppe and Plan B, who follow on-chain metrics such as stock to flow, the 100k is still held as a bearish scenario to end 2021.
Others such as Jurrien Turner of Fidelity Investments and Mark Yusko see a potential lengthening of the bull cycle. Their reasoning allows for another pullback before reaching BTC 100k, probably in 2022 and further upwards over the following years.
That’s not to say there aren’t bears and naysayers abundant. Jamie Dimon, CEO of JP Morgan Chase, and Warren Buffet of Berkshire Hathaway are two of the most outspoken non-believers. Each with their consistent commentary on the ‘worthlessness” of Bitcoin.
Paul Tudor Jones, the billionaire investor, cited inflation as a significant proponent in bitcoins price rise. Inflation pressures bring rising global awareness of the limited supply and deflationary essence of Bitcoin.
Regardless of where the price of Bitcoin is at the end of the year, it is clear that many pundits have an extremely positive outlook on its future.