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05.01 / 20:27
Digital Bitcoin price vs gold price: Hypothetical scenario puts cryptocurrency at $100,000
Cryptocurrency Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note to clients. Citing bitcoin market capitalisation of $700 billion, compared to the around $2.6 trillion worth of gold owned as an investment, Goldman Sachs said that the cryptocurrency currently has a 20% share of the "store of value" market.
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