Goldman Sachs has predicted that the Bitcoin cryptocurrency will continue to attract investors from the gold market as part of the wider adoption of digital assets, making the $ 100,000 price tag in the currency possible.
Goldman has estimated that the correct market capitalization for available units of Bitcoin is approximately $ 700 billion, which represents 20% of the asset sure they are currently represented in Bitcoin and gold.
Goldman Sachs pointed out that if Bitcoin’s share of the asset of custody will rise to 50% in the next five years, it is not excluded that the value of the cryptocurrency will exceed $ 100,000.
This comes about as Bitcoin is trading around the $ 46,000 level, after rising nearly 60% last year. The largest digital asset by market capitalization has achieved a record of nearly $ 69,000 last November. Over the past five years, the cryptocurrency has increased by more than 4,700%.
According to Goldman Sachs, while Bitcoin mining consumes a lot of energy, which could be an obstacle to institutional adoption, that won’t stop the demand for it.asset cryptographic.
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