Bitcoin $ 100,000 price forecast is very likely: experts
Bitcoin $ 100,000 price forecast is very likely: experts
- Goldman Sachs among other commentators believes that Bitcoin is on the way to $ 100,000 due to the increasing acceptance and a possible future “fringe” of gold in the value storage market.
- Despite the hundred declarations of death of well -known personalities, BTC recently celebrated the 13th year since Block zero.
The investment management company Goldman Sachs Group is convinced that Bitcoin (BTC) could reach the $ 100,000 pricing for market analysts. This despite the latest persistence of the digital asset below the $ 50,000 mark. The company supports its conviction for evidence of increasing acceptance of digital assets and says that this could increase the proportion of Bitcoin in the "value storage market".
The "value storage market" includes gold and bitcoin, or what is advertised as "digital gold". According to Goldman, Bitcoin's float-adjusted market capitalization is currently almost $ 700 billion or $ 20 percent of the value storage market. On the other hand, the gold currently available for investments is $ 2.6 trillion.
Why Bitcoin could be $ 100,000 $
Zach Pandl, co-manager of the global FX and EM strategy, said on Tuesday in a note that the price of USD would be achieved if the market share of Bitcoin would increase to 50 percent over the next five years. Such a scenario would lead to an average annualized return of 17 or 18 percent. The President of El Salvador, Nayib Bukele, recently predicted the $ 100,000 tip for this year.
In addition, the indication that the institutional introduction could be deterred by bitcoin through the consumption of real resources. However, Pandl claimed that this would not affect the demand for the crypto asset.
Another optimistic commentator is Bloomberg editor Eddie van der Walt. For him certain events in 2021 contributed to validating cryptocurrencies as part of the US financial system. These include the IPO of Coinbase, the introduction of crypto services by PayPal and the approval of the very first Bitcoin ETF. He noticed.
a year or two ago, people argued that cryptocurrencies would go to zero and had no value; I think nobody says that anymore.
According to Bitcoin Obituaries data of the Bitcoin training portal 99bitcoins, BTC was declared 124 times in 2017, about 15 times and 2021 45 times for "dead". And even then the digital asset has increased by 4,700 percent since 2016.
BTC success
Even institutional investors are increasingly taking up cryptocurrencies, with great preference for Bitcoin, the editor adds. Companies such as visas, PayPal and traditional banks now offer crypto -related services and are developing a "fascinating future for cryptocurrencies".
Finally, van der Walt says that Bitcoin has proven itself because it "went through subtleties in his early years". The digital asset has become stronger at the other - something that has increased the trust of individuals and institutions to keep it in their portfolios.
BTC not only reached an all-time high (ATH) of almost $ 70,000 since its introduction, but is also the fastest asset on the market that has reached an evaluation of $ 1 billion. On Monday, BTC celebrated its 13th anniversary together with a new hash rate ath.
and although the asset specifies the general direction of the cryptom market, old coins begin to achieve great success at Defi, NFTS and the meta-verses-for greater use of the entire crypto industry.
Source: Crypto-news-flash.com
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