CF Benchmarks considers Bitcoin a core asset in its portfolio and predicts its price will reach $1.4 million by 2035.
PANews reported on December 19th that, according to CoinDesk, CF Benchmarks, a wholly owned subsidiary of 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 Bitcoin's base scenario price will reach $1.4 million by 2035. Bitcoin can be evaluated using the same capital market assumptions as traditional assets, including metrics such as expected returns, volatility, and correlation. Based on different adoption paths, CF Benchmarks derived a series of long-term valuations for Bitcoin up to 2035.
In its most conservative scenario, CF Benchmarks simulates Bitcoin continuing to expand its market share at its historical pace, meaning Bitcoin would account for approximately 16% to 33% of gold's market capitalization. Under this scenario, CF Benchmarks projects Bitcoin's price to reach approximately $637,000 by 2035. The baseline scenario assumes wider institutional adoption and even faster growth, with its market capitalization reaching about one-third of gold's; this probability-weighted scenario implies a Bitcoin price of approximately $1.42 million by 2035. In a more optimistic bullish scenario, CF Benchmarks simulates Bitcoin becoming the dominant global store of value, surpassing gold's market capitalization; this scenario predicts a Bitcoin valuation approaching $2.95 million by 2035, assuming accelerated institutional and sovereign nation adoption. Beyond price predictions, CF Benchmarks states that its simulations show allocating approximately 2% to 5% of a strategic portfolio to Bitcoin can significantly improve portfolio efficiency.
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