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January 5, 2022Blog Posts

Bitcoin Could Hit $100,000 if Investors Treat It Like Gold, Goldman Sachs Says

Barron’s

Bitcoin could be worth $100,000 if investors accept the premise that it really is digital gold, according to a report by Goldman Sachs.

At its current price around $46,800, Bitcoin has a market cap of $870 billion, compared with $2.6 trillion for gold held by the public for investment purposes, such as privately held bars and assets in exchange-traded funds.

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Crypto. The buzzword you hear everywhere from the news to friends hyping it up. Has the craze gone mainstream and reached businesses?

Big names like Microsoft, AMC, Starbucks, and AT&T are in, but what do small businesses think? The Strawhecker Group (TSG) used new survey data from nearly 600 small businesses in the U.S. to illustrate their knowledge, attitudes, and acceptance of cryptocurrency.

Download the infographic
Payments professionals across the ecosystem will find this infographic to be a great resource as the market continues to evolve. Are you working with merchants on a crypto strategy?

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