Share this article
Bitcoin Can Reach $100K in ‘Hypothetical’ Store of Value Boost, Goldman Sachs Says
The firm assumes a scenario where bitcoin adoption increases as a store of value for investors versus gold.
Updated May 11, 2023, 3:22 p.m. Published Jan 5, 2022, 2:51 a.m.
Bitcoin can snag market share from gold over time as a “byproduct” of more adoption along with the potential from “Bitcoin-specific scaling solutions,” Goldman Sachs’ co-head of foreign exchange strategy Zach Pandl said in a research note to clients Tuesday.
“Hypothetically, if bitcoin’s share of the ‘store of value’ market were to rise to 50% over the next five years (with no growth in overall demand for stores of value), its price would increase to just over $100,000, for a compound annualized return of 17-18% (accounting for growth in bitcoin supply over time),” Pandl wrote in the note.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Goldman estimates that the public holds about $2.6 trillion of gold for investment purposes, assuming a gold price of $1,800 per troy ounce. Bitcoin’s float-adjusted market capitalization is just under $700 billion, Pandl wrote, adding that this implies bitcoin now commands about 20% share of the “store of value” (gold and bitcoin) market.
Read more: Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Binance opens up ways for users to generate income using ETH options
Binance has opened up ether options to all users, allowing them to earn passive income.
What to know:
- Binance has opened up ether options to all users, allowing them to earn passive income, expanding a strategy previously limited to professional traders.
- The exchange's move responds to growing demand for advanced derivative tools from both retail and institutional investors.
- Binance has upgraded its options platform to offer faster execution and greater flexibility, aiming to dominate the competitive crypto options market.
Top Stories
