According to Zach Pandl of Goldman Sachs, Bitcoin’s price could rise above $100,000.

Goldman Sachs estimates Bitcoin’s market cap to be just under $700 billion. This makes up 20 percent of the “store of value market,” which the institution says consists of Bitcoin and gold.

According to Zach Pandl, Co-Director of Global FX and EM Strategy at Goldman Sachs, if Bitcoin’s share of the “store of value” market “hypothetically” rises to 50 percent in the next five years, its price will be driven by an overall annual return of 17 percent, or 18 percent. It could go a little over $100,000.

The value of gold suitable for investment is estimated to be 2.6 trillion dollars.

Crypto asset lender Nexo and El Salvador President Nayip Bukele announced that Bitcoin could rise to $ 100,000 this year. Antoni Trenchev, the founder of Nexo, said that the upward movement in the price of Bitcoin will continue, and the price will rise to the level of 100 thousand dollars by the middle of 2022.