CoinShares’ Meltem Demirors on Bitcoin’s Next Moves; Coinbase Hits Subscribe

Total new investments in cryptocurrency products and funds have reached a record $8.7 billion so far this year, which is already 30% higher than the total for 2020, according to a report released Monday by CoinShares, the largest digital asset manager in Europe. 

Meltem Demirors, chief strategy officer for CoinShares, said inflation fears and approval of a bitcoin futures exchange-traded fund in the U.S. have helped boost investments in cryptocurrencies. In an interview with The Information, Demirors said she thinks bitcoin, which hit an all-time high of $67,000 in October, could reach $100,000 by the end of this year. 

“Bitcoin is a technology whose time has come,” she said from New Hampshire.