- Goldman Sachs in a latest 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.
- Revealed on March 3, the funding financial institution surveyed 280 respondents on their publicity, perspective, and outlook of digital property.
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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 line 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.
Revealed on March 3, the funding financial institution surveyed 280 respondents on their publicity, perspective, and outlook of digital property. The identical survey additionally confirmed that 40% have publicity to cryptocurrencies.
57% imagine that optimistic information corresponding to institutional investing drove the value 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 property is regulation, whereas 24% see the shortage of well-regulated and investible property as the best impediment.
US treasury Secretary Janet Yellen has been vocal about her criticism of bitcoin, saying it has been as 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 fee.
On March 1, it was reported that Goldman Sachs Group restarted its cryptocurrency trading desk amid a growth in bitcoin. The desk, Reuters reported, will likely be a part of the financial institution’s efforts to maintain up with the quickly evolving digital property sector.
Bitcoin traded decrease by 3% on Friday, at $47,516.