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

Goldman approximates that the general public holds about $2.6 trillion of gold for financial investment functions, presuming a gold cost of $1,800 per troy ounce. Bitcoin’s float-adjusted market capitalization is presently simply under $700 billion, Pandl composed, including that this suggests Bitcoin presently commands an approximate 20% share of the “store of value” (gold and Bitcoin) market.


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