Image default
Bitcoin

Banking Giant Goldman Sachs Says Bitcoin Can Break $100,000 Under This Condition: Report

One of the world’s prime monetary companies believes that prime crypto asset Bitcoin (BTC) can breach a key psychological price benchmark by taking market share from a competing retailer of worth.

In a brand new article, Bloomberg reveals {that a} Goldman Sachs Group report lays out how Bitcoin would possibly surpass $100,000 because it encroaches upon gold’s market cap.

Goldman Sachs calculates that if Bitcoin delivers a compound annualized return of round 17% over the subsequent 5 years as traders proceed to undertake cryptocurrencies, then BTC might attain the $100,00 price goal.

At roughly $700 billion float-adjusted market cap within the “store of value” market, Bitcoin presently makes up simply 20% towards gold’s worth of $2.6 trillion.

Source: Bloomberg

Bloomberg studies that Bitcoin and gold are sometimes grouped as hedges towards inflated fiat currencies, regardless of not providing inherent returns, resembling curiosity or dividends.

At time of writing, BTC is down 3.15% to $44,530. The crypto asset final touched the $50,000 stage on December twenty seventh.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses you could incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/RM Studio/Chuenmanuse

Related posts

Rare Indicator Suggests Massive Bitcoin Bull Run About To Begin, Says Popular Crypto Analyst

Crypto Advisor

Bitcoin (BTC) Could More Than Double in Coming Months, According to Nexo Co-Founder – Here’s Why

Crypto Advisor

Top Crypto Analyst Outlines Path Forward for Aave, Says Bottom Close for Bitcoin Before BTC Surges by Over 130%

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 19,372.93 3.47%
ethereum
Ethereum (ETH) $ 1,342.14 5.97%
tether
Tether (USDT) $ 0.999534 0.10%
usd-coin
USD Coin (USDC) $ 0.999672 0.01%
bnb
BNB (BNB) $ 274.19 3.33%
binance-usd
Binance USD (BUSD) $ 0.99942 0.04%
cardano
Cardano (ADA) $ 0.476544 7.14%
xrp
XRP (XRP) $ 0.538282 31.80%
polkadot
Polkadot (DOT) $ 6.55 4.91%
solana
Solana (SOL) $ 33.01 5.89%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 5.04%
dogecoin
Dogecoin (DOGE) $ 0.061741 7.26%
staked-ether
Lido Staked Ether (STETH) $ 1,332.41 5.90%
matic-network
Polygon (MATIC) $ 0.766945 6.44%
tron
TRON (TRX) $ 0.060605 2.30%
dai
Dai (DAI) $ 0.998604 0.11%
avalanche-2
Avalanche (AVAX) $ 17.89 6.65%
ethereum-classic
Ethereum Classic (ETC) $ 29.19 3.72%
leo-token
LEO Token (LEO) $ 4.95 7.85%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 19,368.52 3.33%
uniswap
Uniswap (UNI) $ 5.94 5.77%
litecoin
Litecoin (LTC) $ 54.40 4.89%
cosmos
Cosmos Hub (ATOM) $ 14.78 8.33%
okb
OKB (OKB) $ 14.99 1.71%
ftx-token
FTX (FTT) $ 23.87 3.58%
terra-luna
Terra Luna Classic (LUNC) $ 0.000267 5.54%
near
NEAR Protocol (NEAR) $ 3.92 5.46%
chainlink
Chainlink (LINK) $ 7.25 7.34%
crypto-com-chain
Cronos (CRO) $ 0.120508 15.91%
monero
Monero (XMR) $ 144.38 5.64%
stellar
Stellar (XLM) $ 0.131265 16.82%
bitcoin-cash
Bitcoin Cash (BCH) $ 119.61 7.94%
algorand
Algorand (ALGO) $ 0.399917 14.30%
flow
Flow (FLOW) $ 1.75 5.41%
vechain
VeChain (VET) $ 0.023417 5.91%
eos
EOS (EOS) $ 1.25 4.22%
internet-computer
Internet Computer (ICP) $ 6.24 4.41%
filecoin
Filecoin (FIL) $ 5.59 4.46%
chain-2
Chain (XCN) $ 0.074778 11.18%
frax
Frax (FRAX) $ 0.998912 0.32%
hedera-hashgraph
Hedera (HBAR) $ 0.061608 6.49%
decentraland
Decentraland (MANA) $ 0.72855 4.43%
apecoin
ApeCoin (APE) $ 5.93 3.98%
the-sandbox
The Sandbox (SAND) $ 0.90443 9.14%
tezos
Tezos (XTZ) $ 1.54 7.15%
quant-network
Quant (QNT) $ 107.70 3.74%
axie-infinity
Axie Infinity (AXS) $ 12.93 8.85%
aave
Aave (AAVE) $ 77.72 5.33%
lido-dao
Lido DAO (LDO) $ 1.81 2.02%
elrond-erd-2
Elrond (EGLD) $ 48.29 3.51%
theta-token
Theta Network (THETA) $ 1.15 9.53%
true-usd
TrueUSD (TUSD) $ 0.998872 0.22%
chiliz
Chiliz (CHZ) $ 0.280557 15.06%
bitcoin-sv
Bitcoin SV (BSV) $ 50.36 4.66%
compound-usd-coin
cUSDC (CUSDC) $ 0.022662 0.05%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.08%
kucoin-shares
KuCoin (KCS) $ 9.01 3.32%
bittorrent
BitTorrent (BTT) $ 0.00000079763671 2.70%
ecash
eCash (XEC) $ 0.00004 2.19%
the-graph
The Graph (GRT) $ 0.102158 5.16%
iota
IOTA (MIOTA) $ 0.277628 8.45%
zcash
Zcash (ZEC) $ 57.65 5.97%
huobi-btc
Huobi BTC (HBTC) $ 19,337.47 3.69%
usdd
USDD (USDD) $ 0.998781 0.12%
huobi-token
Huobi (HT) $ 4.52 1.18%
evmos
Evmos (EVMOS) $ 2.32 4.01%
havven
Synthetix Network (SNX) $ 2.54 8.38%
cdai
cDAI (CDAI) $ 0.022055 0.18%
maker
Maker (MKR) $ 668.28 10.10%
bitdao
BitDAO (BIT) $ 0.492718 2.04%
klay-token
Klaytn (KLAY) $ 0.212454 4.42%
neutrino
Neutrino USD (USDN) $ 0.957457 0.11%
fantom
Fantom (FTM) $ 0.236422 5.25%
compound-ether
cETH (CETH) $ 26.86 5.63%
neo
NEO (NEO) $ 8.58 4.48%
helium
Helium (HNT) $ 4.70 2.37%
gatechain-token
Gate (GT) $ 4.25 1.63%
defichain
DeFiChain (DFI) $ 0.833179 3.50%
radix
Radix (XRD) $ 0.059371 3.13%
celsius-degree-token
Celsius Network (CEL) $ 1.59 0.93%
pax-gold
PAX Gold (PAXG) $ 1,661.94 0.27%
pancakeswap-token
PancakeSwap (CAKE) $ 4.49 5.45%
thorchain
THORChain (RUNE) $ 1.65 3.81%
osmosis
Osmosis (OSMO) $ 1.26 4.98%
zilliqa
Zilliqa (ZIL) $ 0.033474 5.66%
enjincoin
Enjin Coin (ENJ) $ 0.491049 5.91%
nexo
NEXO (NEXO) $ 0.948652 6.40%
arweave
Arweave (AR) $ 10.29 8.97%