Bitcoin Price Forecast by Goldman Sachs

[freedomgo]

Goldman Sachs predicted that Bitcoin could reach $100k in 2022 if it continues to overtake gold’s market share.

Approximately 2 percent of gold’s market cap ($700 billion) is held by the public. Goldman estimates that the public holds about $2.6 trillion in gold as an investment."

I definitely think that Goldman Sachs have been quite bullish on bitcoin for a long time. It is not a new story and they have been promoting it for a long time as well. It is quite obvious that they "want to" see it at 100k and that is why they are making speeches like that. Plus, they probably have some money in bitcoin and considering it is not their money and instead their investors money that means they also have to make public posts like this as well.

So all in all, I am definitely sure that they do believe what they are saying but also even if they didn't then they had to still say these things which makes their own words not credible enough at all.

I think bitcoin being to replace gold in the future is very possible as its now starting to prove to the people that there is more profits in bitcoin than in gold, and that bitcoin holds the highest store of value. When it comes to bitcoin reaching the price of $100k, many have been predicting it already so there is nothing new about it. Besides, it has started already in 2021 but things didn't work out well so maybe this year there will be chances for it to happen. We'll just wait and see.

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[AmoreJaz]

Goldman Sachs predicted that Bitcoin could reach $100k in 2022 if it continues to overtake gold’s market share.

Approximately 2 percent of gold’s market cap ($700 billion) is held by the public. Goldman estimates that the public holds about $2.6 trillion in gold as an investment."

I definitely think that Goldman Sachs have been quite bullish on bitcoin for a long time. It is not a new story and they have been promoting it for a long time as well. It is quite obvious that they "want to" see it at 100k and that is why they are making speeches like that. Plus, they probably have some money in bitcoin and considering it is not their money and instead their investors money that means they also have to make public posts like this as well.

So all in all, I am definitely sure that they do believe what they are saying but also even if they didn't then they had to still say these things which makes their own words not credible enough at all.

I think bitcoin being to replace gold in the future is very possible as its now starting to prove to the people that there is more profits in bitcoin than in gold, and that bitcoin holds the highest store of value. When it comes to bitcoin reaching the price of $100k, many have been predicting it already so there is nothing new about it. Besides, it has started already in 2021 but things didn't work out well so maybe this year there will be chances for it to happen. We'll just wait and see.

for most young gen, they may indeed go into btc or crypto rather than gold when it comes to possible investments. but gold is gold and they have other usage outside the investments area. but anyway, when it comes to predictions, we will hear or read again a lot of this as we start another year. it is up to you how you will react on such speculations. at the end of the day, no matter how bullish people are, you are still the one who is responsible with your funds. and you should be smart on handling your funds because they won't care if you lose it or not.

[Slow death]

why the hell whenever they talk about that 100,000$ the price drops a lot? whenever there is an optimistic price forecast, the price drops a lot, I honestly prefer when they make a negative price forecast because the price increases a lot after the forecast

but gold is gold and they have other usage outside the investments area.

everyone wants to have a gold necklace, watch and bracelet, but gold does not offer the high returns that bitcoin offers, it is also difficult to transport large amounts of gold from one place to another, but it is easy to send large amounts of bitcoin from one place to another . everyone has an advantage and a disadvantage

[stadus]

Goldman Sachs predicted that Bitcoin could reach $100k in 2022 if it continues to overtake gold’s market share.

Approximately 2 percent of gold’s market cap ($700 billion) is held by the public. Goldman estimates that the public holds about $2.6 trillion in gold as an investment."

I definitely think that Goldman Sachs have been quite bullish on bitcoin for a long time. It is not a new story and they have been promoting it for a long time as well. It is quite obvious that they "want to" see it at 100k and that is why they are making speeches like that. Plus, they probably have some money in bitcoin and considering it is not their money and instead their investors money that means they also have to make public posts like this as well.

So all in all, I am definitely sure that they do believe what they are saying but also even if they didn't then they had to still say these things which makes their own words not credible enough at all.

I think bitcoin being to replace gold in the future is very possible as its now starting to prove to the people that there is more profits in bitcoin than in gold, and that bitcoin holds the highest store of value. When it comes to bitcoin reaching the price of $100k, many have been predicting it already so there is nothing new about it. Besides, it has started already in 2021 but things didn't work out well so maybe this year there will be chances for it to happen. We'll just wait and see.

for most young gen, they may indeed go into btc or crypto rather than gold when it comes to possible investments. but gold is gold and they have other usage outside the investments area. but anyway, when it comes to predictions, we will hear or read again a lot of this as we start another year. it is up to you how you will react on such speculations. at the end of the day, no matter how bullish people are, you are still the one who is responsible with your funds. and you should be smart on handling your funds because they won't care if you lose it or not.

This is not surprising as young generation are more risk takers and love to explore what's new to their eyes. Unlike the old ones, they prefer to stick with gold as its definitely the most old investment that even our own ancestors had been investing it already. But when it comes to profits, it no doubt that bitcoin overcomes gold. However, with bitcoin's predicting to reach $100k, i know it will be achieve once the market becomes stable again. But certainly not this time as the market is still heading into a bearish one.

[YinShuiSiYuan]

When it comes to predictions about cryptocurrencies from JPMorgan, Goldman Sachs or any other bank, I don't believe a word of them. For a very simple reason, because cryptocurrencies are their enemy.
However, in the case of Bitcoin reaching the price of $100k or much higher in 2022, I fully agree. It seems to me that someone from Goldman made a mistake and told the truth for the first time.

[Kasabus]

When it comes to predictions about cryptocurrencies from JPMorgan, Goldman Sachs or any other bank, I don't believe a word of them. For a very simple reason, because cryptocurrencies are their enemy.
However, in the case of Bitcoin reaching the price of $100k or much higher in 2022, I fully agree. It seems to me that someone from Goldman made a mistake and told the truth for the first time.

Well, when it comes to bitcoin's higher value predictions, that will be most likely to be possible since bitcoin is always bound to reach new heights. And Goldman's prediction for $100k will always be possible for this year as long as this bear market won't certainly lasts for long. But i have my high hopes that maybe by the last quarter of this year, the market will eventually recover as most of the time bullish season will appear at the last quarter until the year end.

[YinShuiSiYuan]

When it comes to predictions about cryptocurrencies from JPMorgan, Goldman Sachs or any other bank, I don't believe a word of them. For a very simple reason, because cryptocurrencies are their enemy.
However, in the case of Bitcoin reaching the price of $100k or much higher in 2022, I fully agree. It seems to me that someone from Goldman made a mistake and told the truth for the first time.

Well, when it comes to bitcoin's higher value predictions, that will be most likely to be possible since bitcoin is always bound to reach new heights. And Goldman's prediction for $100k will always be possible for this year as long as this bear market won't certainly lasts for long. But i have my high hopes that maybe by the last quarter of this year, the market will eventually recover as most of the time bullish season will appear at the last quarter until the year end.

I think there are two possible scenarios and in both Goldman Sach prediction that Bitcoin price will reach $100k can be correct.
It is possible, as you have written now, that the bear market will last for several months and at the end of the year, prices will start skyrocketing.
Or what we are seeing now is one of many corrections, and in a week or two we will be back in the uptrend and in the next months we will have new ATHs every now and then.

[Dave1]

When it comes to predictions about cryptocurrencies from JPMorgan, Goldman Sachs or any other bank, I don't believe a word of them. For a very simple reason, because cryptocurrencies are their enemy.
However, in the case of Bitcoin reaching the price of $100k or much higher in 2022, I fully agree. It seems to me that someone from Goldman made a mistake and told the truth for the first time.

Well, when it comes to bitcoin's higher value predictions, that will be most likely to be possible since bitcoin is always bound to reach new heights. And Goldman's prediction for $100k will always be possible for this year as long as this bear market won't certainly lasts for long. But i have my high hopes that maybe by the last quarter of this year, the market will eventually recover as most of the time bullish season will appear at the last quarter until the year end.

Ye, but if you look at bitcoin's historical price, after reaching a new all time high, most likely we will have to wait for years, as the bear market will enter the picture for now. So definitely $100k can be reach, but it will not be in the bear market obviously. It will happen after several years as bitcoin works on a cycle. So 2021 is a bull cycle, so this 2022 and the coming years might be a bear market. So no possibility to hit 6 digits till the next bull cycle in my opinion.

[traderethereum]

When it comes to predictions about cryptocurrencies from JPMorgan, Goldman Sachs or any other bank, I don't believe a word of them. For a very simple reason, because cryptocurrencies are their enemy.
However, in the case of Bitcoin reaching the price of $100k or much higher in 2022, I fully agree. It seems to me that someone from Goldman made a mistake and told the truth for the first time.

Well, when it comes to bitcoin's higher value predictions, that will be most likely to be possible since bitcoin is always bound to reach new heights. And Goldman's prediction for $100k will always be possible for this year as long as this bear market won't certainly lasts for long. But i have my high hopes that maybe by the last quarter of this year, the market will eventually recover as most of the time bullish season will appear at the last quarter until the year end.

Ye, but if you look at bitcoin's historical price, after reaching a new all time high, most likely we will have to wait for years, as the bear market will enter the picture for now. So definitely $100k can be reach, but it will not be in the bear market obviously. It will happen after several years as bitcoin works on a cycle. So 2021 is a bull cycle, so this 2022 and the coming years might be a bear market. So no possibility to hit 6 digits till the next bull cycle in my opinion.

We already saw with the previous history that happened to bitcoin.
After reaching the highest price, the price went down deeper and stayed at that range for some time and it needed years to start another rally.
But with the popularity of bitcoin now, hopefully, that can change the situations of bitcoin and that can change how bitcoin moves this year and will attract the other highest price to come again.
So no matter what will happen this year, we must be ready with anything so we do not get the impact instead can using the moment for our benefit.

[lizarder]

When it comes to predictions about cryptocurrencies from JPMorgan, Goldman Sachs or any other bank, I don't believe a word of them. For a very simple reason, because cryptocurrencies are their enemy.
However, in the case of Bitcoin reaching the price of $100k or much higher in 2022, I fully agree. It seems to me that someone from Goldman made a mistake and told the truth for the first time.

I agree with you, from the beginning they can't be trusted, imagine the extent to which they can influence crypto in general, then why are we busy thinking about the speculations or predictions they make, let alone bitcoin sentiment in particular with the institutions they manage, this is the influence that makes us not trust them in its entirety, even though we know that bitcoin in the long term is very likely to reach a price of $100K, because bitcoin is actually the safest cryoto to date.