Key Takeaways
- CF Benchmarks projects Bitcoin could reach $1.5 million by 2035 based on its growing store-of-value market share.
- The firm outlines a valuation range from $637K to $2.95M depending on BTC’s share of the global store-of-value market.
CF Benchmarks projects Bitcoin could reach $1.5 million by 2035 in a new report, with the forecast based on the cryptocurrency’s expanding share of the store-of-value market, fixed supply, and sensitivity to monetary conditions.
If Bitcoin surpasses gold as a store of value, the firm projects the price could reach $2.95 million by 2035.
The benchmark provider’s analysis focuses on Bitcoin’s position in the broader store-of-value market and its monetary characteristics as key drivers for the price projection.
Source: https://cryptobriefing.com/bitcoin-price-forecast-2035/
