Investing.com – U.S. Tiger Research on Tuesday set a long-term valuation range for Bitcoin at $227,000 to $378,000 per coin, based on the digital asset capturing 15% to 25% of gold’s total market value over time.
The firm’s analyst Bo Pei said the thesis assumes Bitcoin becomes a meaningful minority allocation relative to gold across institutions, private wealth, and households. The valuation framework uses an illustrative gold market capitalization of $31.8 trillion and Bitcoin’s fixed supply of 21 million coins.
U.S. Tiger Research’s report said the macro backdrop supports Bitcoin’s monetary premium, citing global M2 expansion from roughly $23 trillion at Bitcoin’s launch to more than $100 trillion. The Congressional Budget Office projects U.S. federal debt held by the public rising from roughly 100% of GDP in 2025 to 156% by 2055, with deficits averaging 6.3% of GDP over the next 30 years.
The firm said U.S. spot Bitcoin exchange-traded funds expanded the potential buyer base by embedding Bitcoin inside brokerage, advisory, and institutional infrastructure. The next phase of adoption may come from registered investment advisors, model portfolios, retirement accounts, corporate treasuries, pensions, and sovereign wealth funds.
U.S. Tiger Research warned that Bitcoin remains volatile and vulnerable to macro deleveraging, with regulatory outcomes potentially diverging globally. The firm also highlighted quantum computing as a long-term tail risk and said the mining security budget must increasingly depend on durable blockspace demand as subsidy declines over future halvings.
Bitcoin was trading around $61,700 midday on Tuesday.
Related articles
Analyst sees Bitcoin hitting $227K-$378K amid monetary scarcity, gold flows
Goldman expects lower but still attractive stock market returns in 2026
Leave a comment