Bitcoin Could Reach $100K And Overtake Gold’s Market Share: Goldman Sachs

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The Street

By Veronika Bondarenko Bitcoin currently makes up a 20% share of the store of value market. Despite bitcoin’s ebbs and flows, the cryptocurrency could reach $100,000 — according to analysts at Goldman Sachs Group, it is steadily pushing out gold’s place in the store of value market. After nearly topping $70,000 in November, bitcoin has been declining steadily and fell by nearly 30% in the last month. But as cryptocurrency in general gains wider acceptance, many predict that bitcoin will continue to soar long-term — in the last five years, it surged by nearly 5,000%. Goldman Sachs, Bloomberg re…

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