Goldman Sachs: Continuing to gain market value for gold, Bitcoin is expected to hit $ 100,000.

According to the report, Goldman Sachs said that as digital assets become more widely used, it hopes Bitcoin will continue to capture the gold market, pushing Bitcoin's value to $ 100,000.

Goldman Sachs estimates that the total market value of Bitcoin will reach $ 700 billion after adjustment. Bitcoin and gold account for 20% of the total market share of the stock market, where bitcoin and gold are essential, and the total value of gold investments reaches $ 2.6 trillion.

According to the report, if Bitcoin leaves all stores at a 50% price increase over the next five years, the price of Bitcoin is expected to hover just above $ 100,000, with an annual return of 17% or 18%. .

According to data from CoinDesk, Bitcoin traded at US $ 46,333.77, up 0.29% in the past 24 hours, shortly before the close. Bitcoin jumped 60% last year and set a new high near $ 69,000 in November. Since 2016, the value of Bitcoin has increased by over 4,700%.

Money Tree, which holds the title of God of Women and heads Ark Investment Manager, said that if companies invest in Bitcoin and distribute 5% of Bitcoin to their equity, Bitcoin will grow to $ 560,000 from its current level. . American money in 2026.

Wood said organizations were willing to buy and invest in bitcoin due to the lack of correlation between cryptocurrencies such as bitcoin and ethereum and other assets such as commodities.

Wood also reported that El Salvador in Central America recently became the first country in the world to use Bitcoin as fiat, while Panama and Ukraine have tried to use Bitcoin as fiat as well.

El Salvador announced last month that it would announce $ 1 billion in Bitcoin-backed bonds. The treasurer said today that legislation is being drafted and the government will submit up to 20 bills to Congress to start the process.