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Bitcoin Could Reach $100,000, According to Goldman Sachs

According to Goldman Sachs, the price of Bitcoin could reach $100,000 in the near future. The largest cryptocurrency, according to the financial giant, presently accounts for a quarter of the worldwide store of value market. As a result, if Bitcoin continues to eat into gold’s market share, the price could approach six figures.

Tom Lee of Fundstrat estimated in late December that the largest cryptocurrency may reach $200,000 in value.

Due to the network’s fast expanding hashrate, Bitcoin evangelist Max Keiser predicts a price of $220,000 this year.

Bitcoin, on the other hand, has limited upside, according to legendary investor Ray Dalio. In a recent interview with Lex Fridman, he forecasted that the greatest cryptocurrency’s price will never exceed 20% of the gold market cap, excluding jewelry and central bank holdings.

MicroStrategy CEO Michael Saylor, on the other hand, believes Bitcoin will reach $600,000.

Related Posts – Ex-SEC Chair, Jay Clayton Believes Cryptocurrency Industry Is For Long Haul

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.