Goldman Sachs Predicts Bitcoin Could Reach $100K as BTC Continues to Take Gold's Market Share as Store of Value
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: The analyst noted that bitcoin’s float-adjusted market capitalization is currently under $700 billion. The cryptocurrency accounts for a 20% share of the “store of value” market, which comprises gold and bitcoin. This market is worth about $2.6 trillion, the note explains.
Source: News Formal (newsformal.com)
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Exposure to both assets is still valuable. The adoption of cryptos is getting more exciting every week, but nobody can undermine the importance of diversity in their investment portfolios?
Bitcoin will eventually overtake gold
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