Goldman Sachs sees Bitcoin competing with gold as “store of value”

Goldman Sachs analyst Zach Pandl has said that Bitcoin will take market share away from gold in 2022.

Pandl said that Bitcoin currently has a 20% share of the “store of value” market.

Bitcoin will “most likely” become a bigger proportion over time, Pandl said, in a list of 2022 predictions.

The term “store of value” usually describes assets which can maintain their worth over time without depreciating, such as precious metals or some currencies.