US banking giant Goldman Sachs has estimated that The world's number one cryptocurrency will soon account for one-fifth of the global market capitalization. And that means that the price of Bitcoin may hit the 6-digit level.
In addition to Goldman Sach, there are experts who have similar Bitcoin price predictions. In late December 2021, Fundstrat's Tomlee predicted that The world's number one cryptocurrency could be worth as much as $200,000.
Like Max Keizer, the well-known Bitcoin advocate. It sees the coin's price reaching $220,000 in 2022 due to the network's rapidly growing hashrate.
However, legendary investor Ray Dalio believes that Bitcoin is unlikely to have a market share of more than 20 percent of the gold market cap. Him during a recent interview with Lex Fridman.
The extreme optimism of Bitcoin is none other than MicroStrategy CEO Michael Saylor. Predicting Bitcoin Price Hitting $600,000 One Day
Despite the positive price forecasts from many experts. But even in the past year, Bitcoin has only increased its yield by 60%, which is a drop compared to other altcoins and even some company stocks.
Joe Weisenthal, the owner of the popular podcast 'Odd Lots', recently said that Apple shares are yielding better than Bitcoin in 2021, and are significantly less volatile.
Additionally, Bitcoin's risk-return is still much lower compared to the real estate and investor-standard S&P 500 index.
Posted Using LeoFinance Beta
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