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According to Goldman Sachs, the price of Bitcoin could reach $100,000 in the near future. The largest cryptocurrency, according to the financial giant, presently accounts for a quarter of the worldwide store of value market. As a result, if Bitcoin continues to eat into gold’s market share, the price could approach six figures.
Tom Lee of Fundstrat estimated in late December that the largest cryptocurrency may reach $200,000 in value.
Due to the network’s fast expanding hashrate, Bitcoin evangelist Max Keiser predicts a price of $220,000 this year.
Bitcoin, on the other hand, has limited upside, according to legendary investor Ray Dalio. In a recent interview with Lex Fridman, he forecasted that the greatest cryptocurrency’s price will never exceed 20% of the gold market cap, excluding jewelry and central bank holdings.
MicroStrategy CEO Michael Saylor, on the other hand, believes Bitcoin will reach $600,000.
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