Giant Goldman Sachs Sees Bitcoin Reaching $100,000 Soon

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Goldman Sachs recently predicted that the Bitcoin price could soon reach a price of $100,000.

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The US banking giant estimates that Bitcoin now accounts for a fifth of the global store of value. As a result, Bitcoin price could reach six-figure territory if it continues to overwhelm gold’s market share.

At the end of December, Fundstrat’s Tom Lee predicted the largest cryptocurrency could skyrocket to $200,000.

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Meanwhile, Bitcoin evangelist Max Keizer sees the price as likely to hit $220,000 this year due to the rapidly growing network hashrate.

Legendary investor Ray Dalio, however, sees Bitcoin’s limited upside potential. In a recent interview with Lex Fridman, he predicted that the price of the leading cryptocurrency is unlikely to exceed 20% of the gold market cap (excluding jewelry and gold held by central banks). nurseries).

However, the CEO of MicroStrategy – Michael Saylor sees the price of Bitcoin can completely increase to $ 600,000.

While Bitcoin has surged last year, the asset’s performance is still lagging against the majority of altcoins and even the stocks of some major companies.

Joe Weisenthal, host of the Odd Lots podcast, recently noted that Apple stock actually outperforms Bitcoin in 2021 despite significantly lower volatility.

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Furthermore, Bitcoin’s risk-adjusted return is much lower than that of real estate and the S&P 500 index.

Meanwhile, gold recently recorded its worst year since 2015 amid a global economic recovery that has significantly reduced demand for the safe-haven asset.

The US Federal Reserve is expected to announce two rate hikes this year. Many analysts think this will not bode well for the prices of risky assets like Bitcoin as they often benefit from money printing.


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