According to Goldman Sachs, Bitcoin (BTC) will continue to take market share from gold due to the rapid increase in the adoption of digital assets, and the frequently mentioned $100,000 price prediction will be a real possibility.
Goldman Sachs stated that Bitcoin already makes up 20% of the store of value market. The company stated that the investable market value of gold is $2.6 trillion.
If Bitcoin’s share of the store-of-value market rises to “likely” 50% in the next five years, the value could sit at just over $100,000.
While the company emphasized that the damage to the nature of the Bitcoin network is a barrier to institutional acceptance, it stated that this will not reduce the demand for the asset.