Today news
About the same in other media
Goldman Sachs says bitcoin could reach $100,000
Reading now: 982
finextra.comGold, a classic safe haven for risk-averse investors, rose only four percent over the period, implying a market share steal by the high-riding cryptocurrency.In a research note, Goldman Sachs’ co-head of foreign exchange strategy Zach Pandl, suggests bitcoin currently holds a 20% share of the gold/bitcoin store of value market.“Hypothetically, if bitcoin’s share of the ‘store of value’ market were to rise to 50% over the next five years (with no growth in overall demand for stores of value) its price would increase to just over $100,000, for a compound annualised return of 17-18% (accounting for growth in bitcoin supply over time),” he writes. Growth over the next year will provide an acid test for bitcoin.
Read more on finextra.comAbout this in other media
Goldman Sachs Claims Adoption Won’t Boost Crypto Prices, Talks Down Stablecoin Plans cryptonews.com /2 years ago
‘Happening’ crypto-market will be fine despite corrections: Former Goldman Sachs CEO ambcrypto.com /2 years ago
Goldman Sachs juniors now earn up to $500,000 as Wall Street hikes bonuses fnlondon.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
