Bitcoin has set a new record. And it seems that this is not the limit

Known to be the leading cryptocurrency in the market, bitcoin has had an unexpected success during the pandemic, fast

becoming a competitor to gold in some portfolios. This week alone, the cryptocurrency has gained 3.15%.

Bitcoin's current market capitalization is about $ 350 billion, while gold has about $ 10 trillion. has recorded 40.46% growth in wallet creation on its crypto exchange since the beginning of the year. This is about 18 million new wallets created on the site since December 2019. However, Bitcoin investors, known for their unquenchable optimism, think this is just the beginning, Business Insider reports.

According to Garrick Hillman, head of departmentAccording to research, Bitcoin's market capitalization could reach $ 1 trillion in 2021 if investors are more serious about its status as a reserve currency.

Even Goldman Sachs takes cryptocurrency seriously, noting that it poses a growing threat to gold.

“Gold's recent lag behind real rates andThe dollar has led some investors to worry that bitcoin is replacing gold as the preferred inflation hedge, the company recently said. "While there is some substitution going on, we do not see the growing popularity of bitcoin as an existential threat to gold's status as the currency of last resort."

Recall that Goldman Sachs Group is one of thethe world's largest investment banks, which is a financial conglomerate, known among financiers as "The Firm", is engaged in investment banking, securities trading, investment management and other financial services.

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