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Bitcoin Could Reach USD 100K in Five Years If It Takes on Gold – Goldman Sachs
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A bitcoin (BTC) price of USD 100,000 could become a reality if the cryptocurrency continues taking market share as a store-of-value asset from gold, according to a note from Goldman Sachs. Meanwhile, Bloomberg analyst Mike McGlone argues that 2022 could be the year gold shines again.
At present, the US investment banking giant estimates that bitcoin’s float-adjusted market capitalization is just under USD 700bn, making up 20% of a store-of-value market comprised of gold and bitcoin. For
Read more on cryptonews.comAbout this in other media
Bitcoin Dives Below USD 39K, Ethereum Breaks 2.9K, Altcoins in Red cryptonews.com /2 years ago
Bitcoin will emerge stronger after stocks dip ‘10%–20%’ — Bloomberg analyst cointelegraph.com /2 years ago
New UK cost of living threat as oil rises to highest price in seven years theguardian.com /2 years ago
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