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The price of Bitcoin could reach $1.4 million by 2035, according to CF Benchmarks projections
CF Benchmarks published on Wednesday a probability-weighted model projecting cryptocurrency could reach $1.42 million per coin by 2035.
The index administrator, owned by Kraken, expects an annualized return of 30.1% over the next decade.
The forecasts assume that Bitcoin (BTC) will capture about one-third of the market capitalization of gold.
What happened
Analysts Gabriel Selby and Mark Pilipczuk published a 42-page framework applying traditional capital market assumptions to cryptocurrencies.
The index administrator, owned by Kraken, expects an annualized return of 30.1% over the next decade.
The forecasts assume that Bitcoin (BTC) will capture about one-third of the market capitalization of gold.
What happened
Analysts Gabriel Selby and Mark Pilipczuk published a 42-page framework applying traditional capital market assumptions to cryptocurrencies.
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