Survey By Goldman Sachs: 34% Think Bitcoin Will Reach $100K Next Year

A crypto-oriented survey compiled by the US multinational investment giant, Goldman Sachs, revealed that the general sentiment on bitcoin and other digital assets is primarily bullish. Nearly half of respondents, representatives of corporations, hedge funds, and banks, own a form of crypto, and most expect their portfolio to expand in value in the following two years.
Bullish Perspective on Crypto: GS Survey Shows
Goldman Sachs posted the key takeaways from its Digital Assets Client Survey that took cryptocurrency-related questions to 280 respondents from pension funds, insurance companies, corporations, macro funds, asset managers, hedge funds, and more.
Although the majority of the participants are from the traditional financial field, which is typically neglectful of the cryptocurrency space, 40% answered that they had allocated funds in digital assets.
61% of those investors believe that their crypto wealth will expand in the next 12 to 24 months. As far as precise future price marks go, nearly a quarter said that bitcoin will surge into the realm of a six-digit territory in the next year.
54% believe that the primary cryptocurrency will be between $40,000 and $100,000 in the same time frame.
About 35% of the respondents who have yet to put any funds in cryptocurrencies said that the lack of clear regulations is the most significant hurdle.
Somewhat expectedly, the first-ever and largest cryptocurrency was the most popular among the survey participants taking 42% of the interest, while Ethereum followed with 29%.
Goldman Sachs Digital Asset Client Survey. Source: Goldman SachsGoldman’s Somewhat Controversial History with Crypto
The large institution was among the first …
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