CF Benchmarks predicts that the price of Bitcoin will reach 1.4 million dollars by 2035

According to CoinDesk, CF Benchmarks, a wholly-owned subsidiary of the cryptocurrency exchange Kraken, stated on Thursday that institutional investors are increasingly analyzing Bitcoin from a portfolio construction perspective rather than focusing on short-term price cycles.

The company predicts that by 2035, Bitcoin's base scenario price will reach $1.4 million. Bitcoin can be evaluated using the same capital market assumptions as traditional assets, including expected returns, volatility, and correlation metrics. Based on different adoption paths, CF Benchmarks has derived a range of long-term valuation outcomes for Bitcoin by 2035. In the most conservative scenario, the company simulated Bitcoin continuing to expand its market share at historical rates, meaning Bitcoin would capture about 16% to 33% of gold's market value; in this scenario, CF Benchmarks expects Bitcoin's price to reach approximately $637,000 by 2035.

The base scenario assumes that Bitcoin will achieve broader institutional adoption and grow at a faster rate, with its market capitalization reaching about one-third of gold's market value; the report states that this probability-weighted scenario implies that Bitcoin's price will reach about $1.42 million by 2035. In a more optimistic bull market scenario, CF Benchmarks simulated Bitcoin becoming the dominant store of value globally, surpassing gold's market capitalization; this scenario predicts that, with accelerated adoption by institutions and sovereign nations, Bitcoin's valuation will approach $2.95 million by 2035.

In addition to price predictions, CF Benchmarks stated that its simulation results show that allocating about 2% to 5% of strategic allocation to Bitcoin can significantly enhance portfolio efficiency.