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Bitcoin is set to take further market share from gold, according to Goldman Sachs

Bitcoin’s ascent will cost gold market share, according to a research report by investment banking giant Goldman Sachs.  In a note to clients dated January 4, the bank said that the market capitalization of the largest cryptocurrency will likely grow as “a byproduct of broader adoption of digital assets, and possibly due to Bitcoin-specific scaling solutions.” Looking at bitcoin’s float-adjusted market capitalization, the cryptocurrency accounts for about 20% of the total “store of value” market, which is currently dominated by …