The British administrator of indices CF Benchmarks, owned by the cryptocurrency exchange Kraken, has predicted the growth of Bitcoin $BTC to $2.95 million by 2035. This is reported by CoinDesk, citing a firm report.

Analysts believe that an increasing number of institutional investors are integrating the first cryptocurrency into their portfolios as a store of value rather than a short-term bet on volatility.

The company uses traditional capital market assumptions — expected returns, volatility, and correlation — to assess Bitcoin's prospects by 2035. According to the baseline scenario, with further institutional adoption, the cryptocurrency could reach approximately one-third of the market capitalization of gold. This gives a projected value of $1.42 million per 1 BTC.

Do we believe it or not?

BTCUSDT

Perp

88,354.7

+0.15%