New York, USA (CNN)–Goldman Sachs revealed its expectations about the future price of the digital currency Bitcoin, indicating that it sees this currency will witness a strong rise in the coming years.
The world’s most valuable cryptocurrency has fallen to about $43,000 after it jumped to a record near $69,000 last November, however, Goldman Sachs said in a report this week that Bitcoin could double, as much as Just over $100,000 per coin, within the next five years.
“We believe that Bitcoin’s market share will likely rise over time as a byproduct of broader adoption of digital assets,” said Zach Bundle, co-head of global foreign exchange, exchange rates and emerging markets strategy at Goldman Sachs, in the report.
It is noteworthy that Bitcoin and other top cryptocurrencies such as Ethereum, Binance, Solana and others such as Dogecoin and Sheba Inu have experienced a very volatile period in the past year, but despite this, an increasing number of top fund managers including Stanley Druckenmiller and Paul Tudor Jones have invested and George Soros in Bitcoin.
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