Bitcoin is heading to a $1.4 million price by the year 2035, according to research firm CF Benchmarks.

Analysts Gabriel Selby and Mark Pilipczuk said in a new report that the top crypto will capture one-third of the global store-of-value market, rallying 1,500% from its price of $88,000 at time of reporting.

Investors can expect an “asymmetrical return” from buying Bitcoin, which “fundamentally distinguishes it from traditional asset classes,” the pair wrote.

At the same time, volatility is expected to grind structurally lower, drifting toward 28% over the coming decade as liquidity deepens, institutional capital becomes more entrenched, and derivatives markets continue to mature, they said.

“Even at 2% to 5% portfolio weights, Bitcoin improves long-term risk-adjusted returns and expands the efficient frontier,” they wrote. That dynamic creates a “favourable risk-reward dynamic for investors.”

Seven-figure club

Selby and Pilipczuk are not the only ones projecting Bitcoin to trade at over $1 million in the long-term.

Coinbase CEO Brian Armstrong predicted in August that Bitcoin will hit the seven-figure milestone by the year 2030.

“Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there’s a growing interest for crypto ETFs, among many other factors,” Armstrong said.

Presidential son Eric Trump, co-founder of crypto miner American Bitcoin and a Trump Organization executive, also predicted $1 million Bitcoin at a Federal Reserve gathering in August.

BitMEX co-founder Arthur Hayes has also made the seven-figure call with the year 2028 in sight.

Phong Le, chief executive of Bitcoin treasury firm Strategy, predicted that “nation state adoption” will drive a Bitcoin buying spree in 2026.

They all cite a cocktail of bullish catalysts including favourable macroeconomic tailwinds, friendly regulatory environments, and institutional demand.

Economist Yd Yardeni sees the US entering the steepest part of the “Roaring 2020s” curve, where a fusion of artificial intelligence, productivity breakthroughs, high corporate spending, and strong liquidity propels risk-on assets like Bitcoin.

To be sure, Bitcoin currently trades 30% below its $126,000 all-time high price set back in October.

Crypto market movers

• Bitcoin is up 1% over the past 24 hours, trading at $87,992.
• Ethereum is up 3.7% over the past 24 hours trading at $2,956.

What we’re reading

Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at lance@dlnews.com.