Bitcoin go $189K by Capture 2% M2 & 5% Gold: CoinShares
CoinShares latest TAM model show say Bitcoin price fit jaga plenty tins through targeted market penetration. Di report find say if Bitcoin fit capture 2% of global M2 liquidity (US$127.3 trillion) and 5% of di US$23.9 trillion gold market, e fit push Bitcoin go US$189,000. Dat one show say e go rise about 65% from di current US$114,800. CoinShares talk say Bitcoin dey grow utility and adoption, so e no need fully replace fiat reserves or corporate treasuries. Small small market share gains still fit make better value growth. For traders, dis price projection mean say strong bullish outlook dey and e show how Bitcoin dey expand im role for corporate and reserve portfolios.
Bullish
CoinShares talk say Bitcoin fit go up 65% reach US$189,000, e gimme beta bullish signal for Bitcoin. For short time, traders fit react with more buying pressure wey go make volatility and price rise. Di report strong for Bitcoin increase utility, e dey used for company treasury, plus e fit be reserve make people gree say demand go still dey. For long term, even small part of global M2 liquidity and gold market reach fit make price go higher. Dis outlook dey support make people continue collect Bitcoin and e show say Bitcoin fit be better strategic asset.