A new report from Goldman Sachs shows that bitcoin transcended all other asset classes over the past year, giving investors a 60% return.

Citing bitcoin’s $700 billion market capitalization, compared to around $2.6 trillion worth of gold owned as an investment, Goldman Sachs said that the cryptocurrency currently has a 20% share of the “store of value” market. In a hypothetical scenario in which bitcoin grabs a 50% share of this market, its price would reach just over $100,000.

Goldman estimates that Bitcoin’s float-adjusted market capitalization is just under $700 billion. That accounts for 20% share of the “store of value” market which it said is comprised of Bitcoin and gold. The value of gold that’s available for investment is estimated at $2.6 trillion.

Goldman Sachs’ Co-Head of foreign exchange strategy Zach Pandl, suggests bitcoin currently holds a 20% share of the gold/bitcoin store of value market. “Hypothetically, if bitcoin’s share of the ‘store of value’ market were to rise to 50% over the next five years its price would increase to just over $100,000, for a compound annualised return of 17-18%,” he writes.