- Goldman Sachs in a current survey revealed that 22% of its purchasers anticipate bitcoin’s value to hit a minimum of $100,000 within the subsequent 12 months.
- 54% predict the worth of the cryptocurrency will hover between $40,000 to $100,000 in the identical interval.
- Revealed on March 3, the funding financial institution surveyed 280 respondents on their publicity, perspective, and outlook of digital belongings.
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Goldman Sachs stated that 22% of its purchasers anticipate the worth of bitcoin to hit a minimum of $100,000 within the subsequent 12 months, in response to a survey from the funding financial institution seen by Coinbase. In the meantime, 54% of the respondents predict the worth of the cryptocurrency will hover at $40,000-$100,000 in the identical interval.
Revealed on March 3, the funding financial institution surveyed 280 respondents on their publicity, perspective, and outlook of digital belongings. The identical survey additionally confirmed that 40% have publicity to cryptocurrencies.
57% imagine that constructive information equivalent to institutional investing drove the worth larger. In February, major companies threw their weight behind bitcoin, together with Tesla and MasterCard, whereas the token noticed renewed backing from MicroStrategy.
Wanting forward, 34% of the respondents imagine the best hurdle in allocating cash to digital belongings is regulation, whereas 24% see the dearth of well-regulated and investible belongings as the best impediment.
US treasury Secretary Janet Yellen has been vocal about her criticism of bitcoin, saying it has been a software to “launder the profits of online drug traffickers.” The previous Federal Reserve chief has additionally cast doubt on the utility of bitcoin as a type of cost.
On March 1, it was reported that Goldman Sachs Group restarted its cryptocurrency trading desk amid a growth in bitcoin. The desk, Reuters reported, might be a part of the financial institution’s efforts to maintain up with the quickly evolving digital belongings sector.
Bitcoin traded decrease by 3% on Friday, at $47,516.