Goldman Sachs: $ 100,000 in Bitcoins are possible

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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