American international investment bank Goldman Sachs said in a statement that if Bitcoin moves with its current momentum, it can take away the market dominance of gold and its price can reach $ 100,000.
According to Bloomberg’s report, Goldman Sachs said in a statement that the adjusted market value of bitcoin 700 billion dollars means it is. The investment grade market value of gold $2.6 trillion Goldman Sachs, who said that this share of bitcoin is already “value store” of the market 20% of he said he created it.
Zach Pandl, one of the Goldman Sachs executives, said that in a situation where the share of bitcoin in the “store of value” market reaches 50% in the next 5 years, its price will also increase. 100,000 dollars that he could achieve his goal. He talked about the possibility of a compound annual return of 17-18% in this process.