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A small but significant percentage of the clients of US bank Goldman Sachs say that Bitcoin would cross the six-figure mark in the coming years, the bank said in a report released Thursday.

Why Goldman clients like Bitcoin

From the 280 respondents of a survey titled “GS Digital Assets Client Survey,” the bank found that over 22% of its client felt Bitcoin would cross the $100,000 mark in the next 12 months while a majority (54%) said it would trade between the $40,000-$100,000 level.

42% of the respondents were invested in Bitcoin while 29% held Ethereum. 16% said they held ‘other’ altcoins, and the remaining were exposed to stablecoins.

40% of all respondents, in addition, said they were exposed to the crypto market, mainly via derivatives, and just 41% of those respondents via “spot” holdings, while 61% said they felt their crypto holdings would rise in the next 12-24 months.

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