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Find all the economic and financial information on our Orishas Direct application to download on Play StoreGoldman Sachs analyst Zach Pandl said in a client research note that bitcoin will take market share from gold in 2022 as digital assets become more widely adopted.
Goldman Sachs estimates that the cryptocurrency currently holds a 20% share of the “stores of value” market. Bitcoin will "most likely" take a bigger share over time, the U.S. bank pointed out in a list of predictions for 2022. In a hypothetical scenario in which bitcoin grabs a 50% share of that market , its price would reach just over 100,000 USD, says the analyst. Bitcoin was trading around $46,073 on Wednesday, after falling sharply in early December. By November, it had hit an all-time high of $69,000.
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