Goldman Sachs continued to trade gold companies.

The Goldman Sachs Group said on Tuesday that as part of its widespread use of digital assets, Bitcoin will continue to capture gold commodities and that the value of Bitcoin could exceed $ 100,000.

Goldman Sachs estimates the market value of Bitcoin, adjusted for the exchange, to be just under $ 700 billion. It represents around 20% of the “fixed value” market, which is made up of Bitcoin and gold. The value of the investment in gold is estimated at US $ 2.6 trillion.

Zach Pandl, Head of Goldman Sachs Global Foreign Exchange and Trading Strategy, said, "If Bitcoin's market share increases by 50% over the next five years," the cost will be a little higher than the 100,000 mix. $. one year. The yield is 17% or 18%.

At time of press, Bitcoin's exchange rate was around $ 46,000. Bitcoin prices have increased by around 60% last year. In November of last year, he raised about $ 69,000. Since 2016, cryptocurrencies have grown by 4,700%.

Goldman Sachs believes that using real capital through the Bitcoin network may have a detrimental effect on domestic operations, but will not prevent demand for assets.

Bitcoin has always been called digital gold. Critics of gold often apply to Bitcoin. It doesn't pay interest and dividends, and it doesn't lead to better estate performance. Bitcoin proponents say that Bitcoin, like gold, can protect people from the oppression of legitimate profits.