A recent analysis from digital asset investment firm CoinShares suggests that Bitcoin ($BTC ) could be poised for a significant rally, fueled by the growing potential to tap into a portion of global liquidity and gold’s market cap.

📊 The Numbers Behind the Prediction

CoinShares applies a Total Addressable Market (TAM) model to Bitcoin, forecasting that:

  • Capturing just 2% of global M2 liquidity (valued at $127.3 trillion)

    And 5% of gold’s $23.9 trillion market cap

...could push Bitcoin’s value to approximately $189,000 per BTC, marking a 65% increase from its current price of $113,352.03.


“Bitcoin doesn’t need to replace the global monetary system to be profoundly valuable. Even a small slice of these massive markets would be more than enough,” CoinShares emphasized in its report.

🏦 Why This Matters Now

CoinShares believes Bitcoin is becoming “a more useful form of money,” potentially gaining greater relevance in:

  • Corporate treasury strategies

  • Macro hedge portfolios

  • Digital reserve assets

The firm notes that Bitcoin is “increasingly likely to obtain a higher share of monetary markets” as institutional interest continues to expand.

📈 Bigger Picture: Bitcoin as Macro-Asset

This report arrives at a time when Bitcoin is gaining mainstream recognition—not just as a speculative asset but as a credible monetary alternative in the face of global liquidity expansion and declining fiat trust.

With ETF inflows rising, Layer 2 adoption improving, and global capital seeking yield, Bitcoin is once again front and center in institutional outlooks.