The crypto market, not just bitcoin, has grown to an unprecedented $ 2.5 trillion.

Many countries, including India, the united states, and Japan, are currently studying and consulting on how to regulate the crypto market, as china and other countries are reluctant to make decisions without considering the plight of investors and the population. The announcement has been made.

The question of how this is possible continues to be posed by market experts who have been claiming for months that Bitcoin, the most important currency in the crypto market, will reach $ 100,000

What is the need for cryptocurrency..?

As a new investment as the stock market and credit market are all set to become more profitable as all the nations of the world are investing in long-term growth-based projects after the onset of the corona epidemic 

At the same time, the essence of the overall question posed by investors is what is the high investment return of up to $ 100,000 for Bitcoin traded at $ 50,000. The answer was given by the Goldman Sachs Group of America.

As people around the world increasingly accept cryptocurrency as a wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital asset, all existing investments in gold and future investments are likely to return to Bitcoin. 

Goldman Sachs Group says Bitcoin is likely to touch $ 100,000 soon. Bitcoin is currently estimated at $ 700 billion, with a "store of value" market value of gold of $ 2.6 trillion.

Zach Pandl, head of Goldman Sachs Group's global FX and EM division, said that the value of Bitcoin could easily remain at $ 100,000, even if the price of Bitcoin rises by an average of 17-18 per cent over the next five years and rises by 50 per cent overall.

At the same time, there is a large difference between the return on investment in gold over the last 10 years and the return on investment in cryptocurrency. In 2016, the investment in Bitcoin alone yielded about 4,700 per cent returns.

Everyone knows that according to the Bitcoin network only 21 million Bitcoin can be produced. So far, 18.89 bitcoins have been produced. With this, only 2 million bitcoins can be produced shortly soon.

Manufacturers and traders are keen to quickly generate the remaining bitcoins through the Bitcoin network. If the remaining 2 million bitcoins are produced, the price of bitcoin will soon touch an all-time high of $ 100,000 daily due to supply and demand.

The dominance of the crypto market is likely to change significantly if the major economies, including the united states and India, ban cryptocurrencies or announce a 50 per cent tax with stricter restrictions. At the same time, all countries are committed to banning private cryptocurrency.