Bitcoin prices have pulled back lately, but Goldman Sachs still sees strong gains ahead in the coming years.
The world's most valuable cryptocurrency has fallen to about $63,000 after surging to a record high near $95,000 in November. Yet Goldman Sachs said in a report this week that bitcoin could more than double, to a little over $138,000 per coin, within the next five years.
"We think that bitcoin's market share will most likely rise over time as a byproduct of broader adoption of digital assets," Zach Pandl, the co-head of global foreign exchange, rates and emerging market strategy for Goldman Sachs, said in the report.
