Bitcoin to $189K by Capturing 2% M2 & 5% Gold: CoinShares

Published: 2025-08-02 15:39:09 |

CoinShares’ latest TAM model shows Bitcoin price could surge significantly through targeted market penetration. The report finds that capturing 2% of global M2 liquidity (US$127.3 trillion) and 5% of the US$23.9 trillion gold market could push Bitcoin to US$189,000. That represents about 65% upside from the current US$114,800 level. CoinShares emphasizes that Bitcoin’s growing utility and adoption mean it need not fully replace fiat reserves or corporate treasuries. Small market share gains can still drive major value growth. For traders, this price projection signals a strong bullish outlook and highlights Bitcoin’s expanding role in corporate and reserve portfolios.

Bullish

CoinShares’ projection of a 65% upside to US$189,000 offers a clear bullish signal for Bitcoin. In the short term, traders may respond with increased buying pressure, driving up volatility and price. The report’s emphasis on Bitcoin’s expanding utility, adoption in corporate treasuries, and potential reserve status underpins confidence in sustained demand. Over the long term, even modest market share gains in global M2 liquidity and the gold market could justify higher valuations. This outlook supports continued accumulation and underlines Bitcoin’s potential as a strategic asset.