Will Bitcoin cost more than $100,000? Goldman Sachs says digital assets have moved past Gold's "reach state."

According to Bloomberg News, Goldman Sachs says Bitcoin will continue to participate in gold trading. This is part of the widespread recognition of digital assets that sponsors often talk about when estimating the value of $100,000 Bitcoin.

Goldman Sachs estimates the free float market capitalization of Bitcoin to be close to $700 billion. It holds 20% of the “assets” market. Goldman said the "commodity of value" market consists of Bitcoin and gold. The value of investment in gold is estimated at $2.6 trillion.

If Bitcoin's market share grows to 50% in the next five years, Bitcoin's value will drop to half of $100,000, with a compound return of 17% or 18% for each annual return.

Bitcoin has risen 60% in the past year and traded at $46,000 in New York on April 4. The biggest digital asset in the market hit a world high in November at nearly $69,000. Since 2016, the value of Bitcoin has increased by more than 4,700%.

The statement above indicates that the actual use of capital through the bitcoin network will be detrimental to the bitcoin acceptance organization, but it will not limit the demand for assets.

Bitcoin has long been known as digital gold. Criticisms about gold also apply to Bitcoin. It does not split interest and dividends, and it does not adhere to the performance of existing assets. Proponents say Bitcoin, like gold, prevents the misuse of fiat currency.