Goldman Sachs believes that Bitcoin might reach $100,000 by eroding gold’s market share

Source photo Unsplash

Bitcoin (BTC) failed to finish 2021 above the long-anticipated $100,000 threshold, but analysts say the psychological horizon may still be reached by capturing gold’s market share, although over a longer time frame.

Goldman Sachs co-head of global FX and EM strategy Zach Pandl hypothesized in a note to investors on…