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Bitcoin price could hit $100,000, says Goldman Sachs

Bitcoin price could hit $100,000, says Goldman Sachs
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Wall Street is notorious for being skeptical of cryptocurrencies, but there are some bullish expectations from Goldman Sachs regarding Bitcoin’s prospects.

The bank said that the $100,000 price tag often touted by cryptocurrency advocates is a big possibility as it continues to gain market share from gold.

Goldman said that while bitcoin’s consumption of natural resources may be an impediment to institutional adoption, this will not hurt demand for the asset.

Bitcoin is currently trading at around $46,000, after hitting a new high of $69,000 last year.

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