By
Tolu Ajiboye
April 23rd, 2024
Aware of the market uncertainty of Bitcoin, Jenkin also confirmed that he is not worried about the cryptocurrency’s price fluctuations.
The CEO of CoinList is optimistic post his company’s series A funding which brings its total valuation to an impressive $1.5 billion. Bitcoin is showing an upward trend with recently reaching $66000 on October 20. Experts are of the opinion that the unveiling of US Bitcoin futures ETP and the general inflation are two of the major reasons why the situation is conducive for the growth of Bitcoin value. Jenkin expressed the growing confidence of his CoinList staff in seeing Bitcoin climbing to $10000 by the end of this year.
However, the CEO citing the tight conditions right now wasn’t sure of this year-end but is hoping the numbers to change by the start of next year i.e., 2022. Aware of the market uncertainty of Bitcoin, Jenkin also confirmed that he is not worried about the cryptocurrency’s price fluctuations as they will impact the company in a minor way compared to the others in the crypto space.
In addition to the CEO of CoinList, there are some others who share his opinion about Bitcoin reaching new highs. Paul Tudor, the billionaire investor, confirmed that he finds Bitcoin to be a better inflation hedge over gold and sees it as triumphing against the yellow metal. On the other hand, there are others like Fidelity Investments who believe the currency reaching the mark but to happen over a considerable amount of time, maybe a couple of years, as per Jurrien Timmer, Fidelity’s director of global macro and not so soon.
When it comes to the asset market, it is not possible for everyone to be on the same bandwagon. With respect to Bitcoin currency too, there are some experts who show no confidence in the future of Bitcoin. One of these would be JPMorgan Chase CEO Jamie Dimon, according to whom, Bitcoin is a worthless currency because he sees it with no fundamental value. In an interview given to Axios at the start of last month, Dimon had called Bitcoin fool’s gold as he believes it will be made illegal at one point even though it is here to stay for long. Also, United Wholesale Mortgage decided to recall its plan to accept payments in bitcoin fearing the regulatory uncertainty and incremental costs within the crypto industry.
About CoinList
CoinList is a financial services platform for new crypto offerings that bring investors in contact with early-stage token sales. Their full range of services covers everything from token sales, lending, and trading to crypto-specific services such as decentralized-finance opportunities.
On its LinkedIn page, CoinList articulates its mission which is to fast-track the progress of blockchain and calls itself different from other crypto finance platforms as they aspire to serve the most devoted and passionate people to take crypto’s growth and development to a new level.
CoinList is based out of San Francisco and was a brainchild of Graham Jenkin, Andy Bromberg, Joshua Slayton, Kendrick Nguyen, Brian Tubergen and Paul Menchov who started it in 2017.