According to Goldman Sachs' Zack Pendl, bitcoin could hit a price of $100,000 in the following years by competing with gold.
According to Goldman Sachs’ Zack Pendl, bitcoin could hit a price of $100,000 in the following years by competing with gold.
Amid the parabolic price increases of most tokens in 2017, Goldman Sachs vowed to launch a crypto trading desk. Following the year-long bear market in 2018, though, the company halted the initiative. to Zach Pandl – Co-Head of Global FX and EM strategy – if BTC continues to take market share from gold as part of its broader adoption, it could more than double its price in the next five years:“If bitcoin’s share of the store of value market were “hypothetically” to rise to 50 percent over the next five years, its price would increase to just over $US100,000, for a compound annualized return of 17 percent or 18 percent.
this price tag for bitcoin is Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo. In his view, BTC is an inflation hedge equal to gold which, combined with the rising institutional adoption towards the asset, could drive its price towards $100K by the middle of 2022.
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Bitcoin is set to take further market share from gold, according to Goldman SachsGoldman Sachs said bitcoin could hit $100,000 if it makes up 50% of the 'store of value' market.
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Bitcoin Price to Reach $100K, Could Steal Attention from Gold: Goldman SachsAccording to Goldman Sachs' Zack Pendl, bitcoin could hit a price of $100,000 in the following years by competing with gold.
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Bitcoin Price to Reach $100K, Could Steal Attention from Gold: Goldman SachsAccording to Goldman Sachs' Zack Pendl, bitcoin could hit a price of $100,000 in the following years by competing with gold.
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Bitcoin is set to take further market share from gold, according to Goldman SachsGoldman Sachs said bitcoin could hit $100,000 if it makes up 50% of the 'store of value' market.
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