Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs By Cointelegraph

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(BTC) failed to close 2021 above the long-anticipated $100,000 level, but experts believe the psychological horizon is still achievable by taking gold’s market share, albeit over a longer period.

in a note chest To investors on Tuesday, Zach Bandel, co-head of forex strategy and global markets, Goldman Sachs (NYSE:) hypothesized that if the largest cryptocurrency could exceed 50% of the market share value of a store over the next five years, the price of Bitcoin would rise by as much as Just over $100,000, which represents an 18% compound annual return.

Return the annual scorecard. Source: Goldman Sachs Global Investment Research