Goldman Sachs Raises Gold Forecast to $2,900 an Ounce in 2025. So, crypto enthusiasts, what do you think of that? đ
For those who don't know: the other day, on September 30, the investment giant revised its estimate - previously they expected $2,700, and now they say: "No, let's go with $2,900!" đž
What does this mean for crypto?
đ„ Firstly, gold is always a signal for investors. When gold prices rise, many people run there. But crypto... it's also a safe haven asset, and not that different from gold in this regard. The question is: what will investors choose - good old metal or digital gold? I bet that crypto will reach a new level here!
đĄ Secondly, rising gold prices can whet the appetite for alternatives. At the very least, the thought will pop into investorsâ heads: âOkay, gold is growing, but what about Bitcoin or Ethereum? Isnât it time to diversify?â And hereâs where the fun begins â crypto can get a new wave of capital from those who previously thought it was all a bubble.
âł Third, if gold flies to $2900, it shows that traditional markets are nervous. And you know who benefits from nerves? Those who invest in cryptocurrencies and future technologies. đ
