Bitcoin may reach $1.42 million by 2035, according to a report by CF Benchmarks, a Kraken subsidiary. Analysts Gabriel Selby and Mark Pilipczuk suggest Bitcoin could capture 33% of gold's market cap, with a 30.1% annualized return. Key factors include increased institutional participation, reduced volatility, and enhanced diversification benefits. Regulatory clarity and liquidity improvements are also expected to drive growth. The report outlines a base case where Bitcoin's price could rise 1,500% over the next decade, with an optimistic scenario projecting $2.95 million by 2035. Conversely, a bearish outlook estimates a price of $637,000. Other bullish forecasts include Cathie Wood's $1.2 million target for 2030 and Michael Saylor's $10 million over 20 years. Currently, Bitcoin is priced at approximately $87,133, reflecting a 3% decline from last week.