Bitcoin Reaches New Heights: CoinShares Predicts Promising Potential
Main Idea
CoinShares predicts Bitcoin's potential to reach $189,000 per unit by capturing 2% of global M2 liquidity and 5% of the gold market, based on its Total Addressable Market (TAM) model.
Key Points
1. Global liquidity (M2) is currently $127.3 trillion, while the gold market is valued at $23.9 trillion.
2. If Bitcoin captures 2% of global M2 and 5% of the gold market, its price could reach approximately $189,000.
3. The TAM model is used to analyze Bitcoin's potential future valuation by assessing its share in large markets like global liquidity and gold.
4. Bitcoin was trading around $114,800 at the time of the report, below the projected $189,000 level.
5. CoinShares' analysis does not offer definitive predictions but evaluates Bitcoin's potential interaction with global markets.
Description
CoinShares anticipates significant potential growth for Bitcoin beyond its current value. The report suggests Bitcoin capturing small shares of global liquidity and gold markets. Continue Reading: Bitcoin Reaches New Heights: CoinShares Predicts Promising Potential The post Bitcoin Reaches New Heights: CoinShares Predicts Promising Potential appeared first on COINTURK NEWS .
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