Analysts from CF Benchmarks, a Kraken subsidiary, have projected that Bitcoin could reach $1.4 million by 2035. The new price model suggests Bitcoin will capture about 33% of gold's market capitalization, with an annualized return of 30.1%. The report highlights that increased institutional participation is expected to reduce volatility, while Bitcoin's low correlation with major asset classes enhances its role in portfolio diversification. The analysis also notes that regulatory transparency, institutional acceptance, and improved liquidity will bolster Bitcoin's investment appeal. This projection follows a revised forecast by tech investor Cathie Wood, who adjusted her Bitcoin price target to $1.2 million by 2030, down from an earlier estimate of $1.5 million, due to the rapid adoption of stablecoins.