A new Bitcoin price model suggests that the 2035 base case for the leading cryptocurrency could be $1.42 million per coin (up more than 1,500% from its recent trading price), or more than double that.
A probability-weighted model by analysts Gabriel Selby and Mark Pylipchuk of Kraken company CF Benchmarks suggests Bitcoin captures about 33% of gold's market capitalization, delivering an expected annualized return of 30.1%.
“Volatility is likely to continue to compress as institutional investor participation deepens, while Bitcoin's exposure to currency declines confirms its persistently low correlation with most major asset classes, reinforcing portfolio diversification.” The report says:.
It adds that greater regulatory clarity, acceptance by financial institutions and deeper liquidity will increase the investability of assets.
While the base case predicts an increase of more than 1,500% over the next 10 years, analysts' bullish case for 2035 suggests that BTC price could reach $2.95 million per coin.
In that scenario, both see Bitcoin as a major global store of value due to institutional and government adoption. In the bearish case, the asset maintains its historical trend line at just 16% of gold's market capitalization, suggesting a target of $637,000 by 2035.
While the goal may seem lofty, other Bitcoin bulls are predicting similar numbers in the not too distant future.
Famous tech investor Cathie Wood focuses on BTC Reach $1.2 million by 2030However, due to the rapid adoption of stablecoins, that goal is 20% lower than her previous prediction of $1.5 million. Mr. Wood's company, Ark Investments, Expected to reach $2.4 million by 2030 In a “Big Ideas” report earlier this year.
Michael Saylor recently predicted that Bitcoin will reach $1 million per coin within the next “four to eight years.” Looking at the longer time horizon, the strategy is Chairman believes price will head towards $20 million per coin Based on a 30% annual return over the next 20 years.
Coinbase CEO Brian Armstrong demanded millions of dollars The same goes for Bitcoin.
But for now, the goal remains elusive. Bitcoin was hovering around $87,133 on Friday, down more than 3% in the past week.
The top crypto asset is down about 31% from its all-time high of $126,080 in October and would need to jump more than 1,000% to reach $1 million per BTC.
