Saturday, January 22, 2022

Bitcoin Can Reach $ 100,000 in ‘Hypothetical’ Store of Value, Goldman Sachs Says

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Goldman estimates that the public holds approximately $ 2.6 trillion of gold for investment purposes, assuming a gold price of $ 1.800 per troy ounce. Bitcoin’s float-adjusted market cap is currently just under $ 700 billion, Pandl wrote, adding that this implies that Bitcoin currently holds around 20% of the “store of value” market ( gold and Bitcoin).

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