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- Goldman Sachs in a current survey revealed that 22% of its shoppers anticipate bitcoin’s worth to hit not less than $100,000 within the subsequent 12 months.
- 54% predict the value of the cryptocurrency will hover between $40,000 to $100,000 in the identical interval.
- Printed 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 shoppers anticipate the value of bitcoin to hit not less than $100,000 within the subsequent 12 months, in keeping with a survey from the funding financial institution seen by Coinbase. In the meantime, 54% of the respondents predict the value of the cryptocurrency will hover at $40,000-$100,000 in the identical interval.
Printed 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% consider that optimistic information akin to institutional investing drove the value greater. 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 consider 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 device 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 increase in bitcoin. The desk, Reuters reported, will probably be a part of the financial institution’s efforts to maintain up with the quickly evolving digital belongings sector.
Bitcoin in February cracked the $1 trillion dollar market capitalization threshold and jumped to $58,640, its highest record to date. Bitcoin has risen 63% year-to-date.
Bitcoin traded decrease by 3% on Friday, at $47,516.
