CF Benchmarks, a subsidiary of Kraken, has released a report projecting Bitcoin could reach $1.42 million by 2035. The 42-page analysis, titled *Building Bitcoin Capital Market Assumptions*, explores three long-term scenarios, emphasizing that Bitcoin can be integrated into traditional capital market frameworks. The report's base case scenario anticipates increased institutional adoption, suggesting that a strategic allocation of 2% to 5% in Bitcoin could improve portfolio efficiency.