Analysts predict Bitcoin could reach $1.4 million by 2035.

PANews reported on December 21 that, according to Decrypt, a new price model proposed by Kraken-owned CF Benchmarks analysts Gabriel Selby and Mark Pilipczuk suggests that Bitcoin will account for approximately 33% of the market capitalization of gold, with an expected annualized return of 30.1%, and that the price of Bitcoin will reach $1.4 million by 2035.

The report points out that as institutional participation deepens, volatility is likely to continue to decrease, while Bitcoin's dependence on currency devaluation keeps its correlation with most major asset classes consistently low, thereby enhancing portfolio diversification. Furthermore, increased regulatory transparency, greater institutional acceptance, and improved liquidity will enhance Bitcoin's investment value.

Renowned tech investor Cathie Wood once predicted that Bitcoin would reach $1.2 million by 2030, but due to the rapid adoption of stablecoins, this target has been revised down by 20% from her previous forecast of $1.5 million.