Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs

[newshunter]

Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs

Bitcoin has a good chance to topple $100,000 by taking market share from gold as a store of value, Goldman Sachs analysts predicted.

Source: Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs

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[TomPluz]

Goldman Sachs - which recently became one of the many institutions that changed its tune on Bitcoin and cryptocurrency - can be right. The real physical gold is really more of a store of value or a safe haven and that is why even if no one is really using it as a currency it remains to have a decent marketcap value as compared to Bitcoin. Now, one problem here especially in the eyes of the gold investors and buyers is that Bitcoin can be so volatile at times, unlike gold. However, if we take this volatility away, I don't think it can be as exciting as it is now...it will just be another boring asset on the market. Now, which direction Bitcoin can be taking that remains to be seen.

[Senin]

How can you reduce the share of the gold market so that the price of bitcoin can skyrocket to one hundred thousand dollars? We must understand that such a statement has no practical solution. If people invest in gold, we cannot convince them not to do so, or invest in cryptocurrency instead of gold. Everyone makes their own choice and this is his right.

[Bobcrypto]

Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs

<p style="float:right; margin:0 0 10px 15px; width:240px;"></p><p>Bitcoin has a good chance to topple $100,000 by taking market share from gold as a store of value, Goldman Sachs analysts predicted.</p>

Source: Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs

Would appreciate your opinion about this

I don't think it necessary to chip off some amount of Gold  from the Gold market to make Bitcoin reach $100k. Gold market is on it's own and can't be measured with Bitcoin market movements. They are sperate market, and they grow in different times. Infact, both market doe not depends on each other whether a man want to invest or no, bitcoin will definitely hit $100k at the right time.