CF Benchmarks projects Bitcoin could hit $2.95M by 2035
Crypto Briefing
CF Benchmarks projects Bitcoin's price could reach $1.5M to $2.95M by 2035 based on store-of-value market adoption.Summary
CF Benchmarks, a Kraken subsidiary, released a report projecting that Bitcoin's price could reach $1.5 million by 2035, driven by its growing share of the global store-of-value market, fixed supply, and sensitivity to monetary conditions. The firm outlined a valuation range between $637,000 and $2.95 million depending on BTC's market penetration. Specifically, if Bitcoin surpasses gold as the dominant store of value, the projection reaches the high end of $2.95 million by 2035. The analysis emphasizes Bitcoin's monetary characteristics as a primary factor supporting these long-term price targets.
(Source：Crypto Briefing)