Биткоин может достичь $1,4 млн к 2035 году: что ждёт рынок криптовалют Translation: Bitcoin could reach $1.4 million by 2035: what to expect from the cryptocurrency market

By 2035, the price of the leading cryptocurrency could soar to $1.42 million, driven by institutional investments and the displacement of gold as a savings medium. This forecast is outlined in a report by CF Benchmarks, a research firm backed by the Kraken exchange.

Analysts Gabriel Selby and Mark Pilipchuk based their projection on three metrics: market capitalization comparison, mining economics, and the asset’s response to monetary issuance.

The experts modeled three scenarios for the next decade:

They highlighted Bitcoin’s asymmetric return profile, where the potential for growth substantially outweighs the risks of decline.

Over the past ten years, the median monthly return on investments in this asset was 5.78%. For comparison, stocks yielded 1.48%, while commodities provided just 0.21%.

The limited supply of Bitcoin in the face of ongoing global monetary expansion was identified as a primary growth driver. The asset’s price shows a three-month lag correlation with the rise in liquidity.

The report emphasized the structural advantage of digital gold. Unlike the precious metal, whose supply increases at around 1.5% annually, Bitcoin’s supply is programmatically capped, and its production becomes more costly due to halvings and increasing network difficulty.

CF Benchmarks projected a further decline in Bitcoin’s volatility as the market matures, anticipating that by 2035 it will decrease from the current 30-40% range to 28%.

Integrating the asset into a traditional 60/40 (stocks/bonds) portfolio, even at levels of 2-5%, significantly enhances the risk-return ratio. This is attributed to the low correlation of cryptocurrency with traditional assets.

According to surveys of institutional investors, 73% of respondents recognize the long-term value of digital assets, and 68% plan to increase their investments in this sector over the next two years.

Selby and Pilipchuk are not the only ones forecasting a seven-digit price tag. Earlier, Coinbase CEO Brian Armstrong predicted a price of $1 million by 2030, citing regulatory clarity, the establishment of Bitcoin reserves by the U.S. government, and interest in ETFs as key growth factors.

BitMEX co-founder Arthur Hayes expects this milestone to be reached by 2028, while Fong Le, head of Strategy, believes that state-level adoption of Bitcoin will trigger a wave of purchases as early as 2026.

Analysts identified a combination of macroeconomic factors and institutional demand as the overarching growth drivers. Economist Ed Yardeni thinks the U.S. is entering a phase of “roaring twenties,” where artificial intelligence and productivity growth will boost interest in risk assets.

Lastly, Bitwise and Grayscale have forecasted a new Bitcoin peak in 2026.