The volatility of the dollar valuation of Bitcoin (BTC) hit some lows throughout the year 2022, analysis from legacy finance titan Goldman Sachs has claimed that Bitcoin can reach a valuation of $100,000 in the not-so-distant future.

“Bitcoin may have applications beyond simply a ‘store of value’ — and digital asset markets are much bigger than Bitcoin,” the report claimed. “But we think that comparing its market capitalization to gold can help put parameters on plausible outcomes for Bitcoin returns.”

The analysts noted that Bitcoin has gained a much larger share of the “store of value” market, currently sitting at 20%, up from a negligible presence even in 2020, and that if this growth continues at a steady rate, Bitcoin’s valuation will easily hit the $100,000 mark in five years or less.

Once BTC starts upon the rocket rally towards $100k, this will indirectly increase other cryptocurrency prices such as ETH, LTC, XRP and so on. Time to invest? You make that decision. Make sure you do your own research and please be aware that investing in cryptocurrency has its risk like any other investment vehicle.