Goldman Sachs Predicts Bitcoin Could Reach $100K as BTC Continues to Take Gold’s Market Share as Store of Value

Goldman Sachs has predicted that the price of bitcoin could reach $100,000. The global investment bank believes that bitcoin will continue to take market share away from gold as cryptocurrency adoption grows.

Goldman Sachs analyst Zach Pandl, co-head of global foreign exchange strategy, outlined the future outlook for bitcoin in a research note to clients Tuesday.

The Goldman Sachs analyst expects that bitcoin will continue to take market share away from gold in 2022 as cryptocurrencies become more widely adopted. The research note details:

Bitcoin may have applications beyond simply a ‘store of value’ — and digital asset markets are much bigger than bitcoin.

https://preview.redd.it/crqudionura81.jpg?1280&format=pjpg&auto=webp&s=b9b2c8bbd57d18ddb60fb8ce73708b4f23ebb1a4