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Morgan Stanley sees Bitcoin at 2% of global money supply, projecting up to 10% annual returns if adoption grows.

Market News
04 Aug 2026
Crypto Briefing
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Bullish
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Morgan Stanley's research values Bitcoin's market cap at $2.2 trillion, about 2% of a $130 trillion addressable market including global M2 money supply and gold. The bank projects Bitcoin's annualized returns could range from 3% in a flat adoption scenario to nearly 10% if user growth accelerates. Bitcoin's fixed supply and halving cycles support this growth potential. Morgan Stanley also launched a Bitcoin ETF to offer clients easier exposure. Despite promising returns, Bitcoin remains volatile and sensitive to global liquidity and regulatory risks.

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