As Bitcoin continues to mature from a speculative digital experiment into a cornerstone of the global financial system, a bold new forecast has captured the attention of Wall Street and Silicon Valley alike. A comprehensive report released by CF Benchmarks, a Kraken-backed research firm, suggests that Bitcoin could reach a staggering $1.42 million per coin by 2035.
At its current trading price of approximately $88,000, this target represents a monumental 1,500% upside over the next decade.
The Path to Seven Figures: Key Drivers
Analysts Gabriel Selby and Mark Pilipchuk base their $1.42 million "base-case" scenario on three primary metrics: institutional adoption, mining economics, and the displacement of traditional safe-haven assets.
- Gold Displacement: The report argues that Bitcoin is increasingly viewed as "Digital Gold." By 2035, analysts expect Bitcoin to capture roughly one-third of gold’s total market capitalization.
- Institutional Inflows: Unlike previous cycles driven by retail "hype," the current trajectory is fueled by regulated spot ETFs and sovereign-level interest. The report notes that 73% of institutional investors now recognize the long-term value of digital assets.
- Supply Scarcity: While gold supply grows by roughly 1.5% annually, Bitcoin’s supply is programmatically capped. With the fifth halving expected around 2032, the issuance of new coins will become negligible, creating a permanent supply-demand imbalance.
Three Scenarios for 2035
The CF Benchmarks model provides a range of outcomes based on global adoption rates:
