fidelity bitcoin prediction 2035 fidelity bitcoin prediction 2035

That would give it a market cap of $2,100 trillion. Fidelity predicts Bitcoin (BTC) worth in 2030, according to Lark Davis Bitcoin News By Phoebe L. 09/3/21 2:25 PM Top analyst Lark Davis shares with his subscribers Fidelity's prediction on Bitcoin price by 2030, saying that cryptos will overtake the dollar by 2030. By the end of the decade, when Bitcoins inflation rate will be around 0.5%, this model predicts that the cryptocurrency will be valued at $1,000,000. If it ever comes even close to this number we will live in crazy hypergigainflation or fiat will no longer exist, Well there goes my peaceful dreams tonight. Fidelity, which manages more than $10 trillion in assets under management (AUM), has been active in the cryptocurrency sector for some time. His analysis shows that bitcoin is cheap but ether could be even cheaper. Fidelity Predicting $100 Million per Bitcoin by 2035 2 min read 1 year ago Boston-based investment giant Fidelity Group is injecting a heavy dose of hopium in the market with its latest "very special" webinar, where it took a deep dive into Bitcoin and its possible effects on the market. No spam, no lies, only insights. JasmyCoin (JASMY) Price Prediction 2023. Fidelity, which also has its own crypto arm, Fidelity Digital Assets that builds enterprise-grade bitcoin custody services for large institutions, isnt new to the space as it first started mining Bitcoin (BTC) in 2014 and then Ether as well. The Risk-Off Trade By Jan. 1, bitcoin had fallen from an all-time high of $68,789.63 on Nov. 10, 2021, to $47,098. Coinspeaker.com uses cookies to ensure the best experience for you, Crypto Market Tanks amid Worries of Silvergate Banks Insolvency, Block Floats New Subsidiary to Help Enhance Lightning Network, Marathon Digital Sold Nearly All Bitcoins Mined in February, Mortgage Rates Rise Over 7% for First Time since October as Inflation Shows No Signs of Abating, 2-year Treasury Yield Attains 17-year High amid Sustained Fed Rate Hikes, Ethereum Testnet Sepolia Successfully Conducts Rehearsal of Shanghai Hardfork, US Stock Market Rattled as Key Inflation Gauge Ticks Higher Rate, World Bank to Select New President, Joe Biden Nominees Former Mastercard CEO for This Position. Since climbing to the . In this sense, the report points out that Bitcoin has two characteristics that make it a store of value. Pomp further stated that the S2F model is underappreciated. The S2F model is operating as expected, and it is expected to finish August 2021 over $47,000 levels. Bitcoin (BTC) has registered a solid bull since the market crash of 2020. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. Copyright 2023 MDD Group FZE LLC All rights reserved. Legals 2023 InvestorPlace Media, LLC. Jurrien Timmer, the director of global macro at Fidelity Investments, believes that BTC still has plenty of steam left in it. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. He noted that the price of Gold in the 1970s stood around $35. The total wealth of the entire world is $418 trillion.. This site uses Akismet to reduce spam. Post navigation . The price of Bitcoin (CCC:BTC-USD) continues to be a hot topic among crypto traders and a new prediction is sure to please them. Now, let's delve into the future of Bitcoin's price over the long term. The yellow metal aka physical Gold isnt even doing better at $94 whereas the inflation index has skyrocketed to $65. If the Bitcoin price recovers in 2040, at the start of the year 2050, the Bitcoin price may reach $456,000 and show an upward movement by the end of 2050. Copyright However, the asset management firm finds it an interesting juxtaposition that Bitcoins halving that occurred in May has coincided with the unprecedented level of monetary stimulus that has been implemented to mitigate the effects of the coronavirus pandemic. It has moved by -2.41% in the past week and is currently at . Furthermore, it also sees Bitcoin touching a $1-million. Bitcoin has become the most widely adopted store of value in the world and is now trading at $10 million to $20 million per bitcoin. Our maximum price prediction of Bitcoin is $75,360.85 for the year 2025. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. The emphasis on the buying power of varied asset classes was another crucial discussion in the latest webinar. Bitcoin has become the main focus for the digital assets division of Fidelity Investments. All Rights Reserved, Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Readers should do their own research before taking any actions related to cryptocurrencies. To see Fidelity, show a chart that says that Bitcoin is going to be at 100 million dollars by 2035 is very incredible (). Fidelity Said Bitcoin Will Reach $100 Million This is What You Really Need to Know | by Tom Handy | The Capital | Medium 500 Apologies, but something went wrong on our end. His new prediction calls for Bitcoin to reach a price of $100,000 by the time 2023 gets here. Instead, he believes its an organic movement with sustainability. Miles Weiss. In that sense, the halving, decentralization and scarcity and other features mentioned above make Bitcoin the second most resilient asset after gold, according to the stock-to-flow ratio. September 2021 Fidelity bases its price prediction on the stock-to-flow model from crypto analyst PlanB. The report was created as a way to examine the reasons that attract interest in Bitcoin as an investment. In free time he reads thriller fictions novels and sometimes explore his culinary skills. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. The purchasing power of $1 has the least in fiat at a mere $0.02. Accept Read More, 2023 - Cryptured.com. Yes, Fidelity puts the S2F model in their slide decks, but only as a point of contrast. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com, 5 Hypergrowth Stocks With 10X Potential in 2023, reach a price of $100,000 by the time 2023 gets here, lay out their own price predictions for Bitcoin, 7 Cryptos That Will Soar in Q4 as Institutional Acceptance Bursts Open. Fidelity Investments urged the U.S. Securities and Exchange Commission to approve its Bitcoin exchange-traded fund in a private meeting, listing the . The prediction from fidelity has been based on the Stock-to-Flow (S2F) model developed by popular crypto analyst PlanB. JasmyCoin, according to some, is one of the most amazing cryptocurrencies to rise this year (JASMY). Fidelity Forecasts Bitcoin to Reach $100mln by 2035, Multiple Central Banks Join Hands for CBDC Trial, Twitter to Embed Bitcoin Tipping Facility. You can unsubscribe at any time. No doubt such predictions will strike many as crazy given the current Bitcoin price of about $9,250. ALL RIGHTS RESERVED. Due to the future . More markets insights, more alerts, more ways to customise assets watchlists only on the App. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. (that I'm aware of). NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Nearly half of US consumers have invested in cryptocurrencies, according to a new survey, Mayoral candidate promises to transform NYC into the most cryptocurrency-friendly city in the nation, Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform. Upload from your computer Interestingly, Timmer timmer compared the BTC price performance to the Golds performance in the 1970s. Ark, a major supporter of Elon Musk's Tesla and other high-growth technology stocks, has made big bets on bitcoin, other cryptocurrencies and crypto companies in recent years, doubling down during this year's brutal bear market. BTC is now trading at a 70% year-to-date growth. Boston-based investment giant Fidelity Group is injecting a heavy dose of hopium in the market with its latest very special webinar, where it took a deep dive into Bitcoin and its possible effects on the market. The Bitcoin inflation rate is bound to decline to 0.5%by the end of 2030. The Bitcoin price prediction was presented during a Fidelity webinar called Understanding Bitcoin, What Can History Teach Us? by Jurrien Timmer, the firms Director of Macro. Fidelity, as they become more interested in Bitcoin, appear to become more and more bullish on the asset itself. Yesterday, Anthony Pompliano shared a hypothesis from Fidelity that the price of Bitcoin could reach $100 million by 2035. Based on the Stock-to-Flow model develop by analyst Plan B, BTC's price could stand at $100 million by 2035. Based on the Stock-to-Flow model develop by analyst Plan B, BTCs price could stand at $100 million by 2035. BTC has the proof-of-work consensus mechanism, which means it relies on Bitcoin miners to secure its network. Later, the United States decoupled its legal tender from the yellow metal by adopting the Fiat norm. 1 Bitcoin will buy you an Unhappy Meal at McDonalds. As of press time, Bitcoin (BTC) is trading at 3.58% up at a price of $48,901 and a market cap of $921 billion. Ark analyst Yassine Elmandjra wrote in a report that Bitcoin's market capitalization could increase 25-fold in the next decade to $28.5 trillion. The year is 2035. At present, the average prediction of its panel indicates that BTC will be worth $249,578 by 2025 approximately quadruple what it is right now. Even the safe haven, gold, isnt doing much better at $94 when the inflation index has a reading of $65. Finder's research indicates that analysts are a lot more optimistic when it comes to Bitcoin's price in 2025 and 2030. Fidelity Digital Assets points out, highlighting Bitcoins potential as a store of value in times of crisis and its potential to continue to appreciate in the current economic situation: Commodities with a stock that is difficult to double due to a low rate of production relative to existing supply have. Play Now! News: Latest Bitcoin Core release: 24.0.1 Home : Help: Search: Login: Register: More : Bitcoin Forum > Economy > Economics > Bullish or nuts? + Get alerts for. Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. Refresh the page,. As the chart suggests, Bitcoins recent price action looks similar to that of Gold during that year. The Stock-to-Flow model evaluates an asset to make a price prediction based on its supply/demand. Fidelity predicts $100M bitcoin in 2035. quotes delayed at least 15 minutes, all others at least 20 minutes. "You need to go through crises to see the survivors and battle test the infrastructure and the thesis," Wood said. Assuming that future cycles also average about 3 years and 10 months, like the past ones, three or four more cycles should occur until 2035. As Pompliano said, its unclear if the investment firm believes the prediction will be fulfilled, but. Bitcoin Forum: January 03, 2023, 09:05:28 PM: Welcome, Guest. Fidelity did not forecast $100 million by 2035. You really dont want that to happen. This much hopium. According to the S2F model, the price of Bitcoin should reach $1 million. . This metric is used to quantify the hardness of a commodity. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, Michael Burry Is Betting Big on These 2 AI Stocks, 5 Investors Betting Big on Exela (XELA) Stock in 2023, Cathie Wood Is Betting Big on These 5 AI Stocks, Bitcoin Price Prediction: Fidelity Analyst Says BTC Will Hit This Number in 2023. Source: https://grayscale.co/wp-content/uploads/2020/08/Grayscale_Valuing_Bitcoin.pdf. The platform aims to offer institution-level security and services that Fidelity Digital Assets has provided since 2018, allowing users to trade and secure Bitcoin and Ethereum with as little as $1. despite industry leaders creating a controversial crypto rescue fund, another crisis threatens to engulf the crypto market. Yes, Fidelity puts the S2F model in their slide decks, but only as a point of contrast. Drawing inferences through the stock-to-flow model by PlanB, Fidelity has put forward a $1000 million price target for BTC by 2035. While the time horizon of 15 years may seem sufficient, the idea of BTC touching a whopping $100 million is far from reality. Cryptocurrency analyst Anthony Pompliano drew a comparable analogy in his latest podcast The Best Business Show. In the 1970s, the value of gold was about $35, according to him. Bitcoin Forum: January 04, 2023, 09:38:19 PM: Welcome, Guest.Please login or register. Bitcoin Expected to Rally to $56K as Nasdaq Breaks Out of Bull Flag. Bitcoin could go anywhere up to 200k plus a coin we can't predict crypto at the best of times then alone 2030 but crypto has shown us that hype and timing of the global market can work Magic so I can see this happening. This allows us to provide dynamic price predictions based on current market activity. Timmer also believes that the orange coin could hit $1 million before this decade is over. In fact, in the past 24 hours, BTC has dumped by -0.98%.. Bitcoin promotes . 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. This is a staggering 2100x appreciation from the current levels. Yesterday, Anthony Pompliano shared a hypothesis from Fidelity that the price of Bitcoin could reach $100 million by 2035. The company started dabbing into the crypto space as early as 2014, Pompliano said, and started developing mining capabilities and BTC-based products. Fidelity thinks Bitcoin will hit $1M in 2026, $10M in 2030, and $100M in 2034. His view is quite far-reaching compared to the 33 panelists of experts who believe the average bitcoin price prediction for 2025 is $192,800. Predicting the most bullish case scenario for Bitcoin, Boston-based investment giant Fidelity predicted that BTC will touch $100 million price levels by 2035. The ETH price prediction from CoinPriceForecast estimated the coin could trade at $4,772 by the end of 2030. A break above $48,500 could lead BTCs price to the lows at $50,000. #Bitcoin August closing price $47,156 .. like clockwork pic.twitter.com/3hkp71FTXo. The panel, consisting of renowned crypto moguls, such as Fred . Another feature that makes Bitcoin a store of value is that its scarcity at the time of its inception was built into the protocol and cannot be changed. All about Crypto & Blockchain - All about Crypto & Blockchain. It will also be integrated into the Fidelity mobile . If he has changed his mind, I'd like to know but I don't have access to a recording of the webinar featuring these slides. I was researching how much capital is available worldwide to make Fidelity's prediction Press J to jump to the feed. "Bitcoin has failed to exploit the inverted head-and-shoulders pattern fully," FxPro senior market analyst Alex Kuptsikevich said in an emailed note, pointing to technical bitcoin price trading data. And by 2030, they believe a single coin will have a value of $5,237,082. #Bitcoin August closing price $47,156 .. like clockwork pic.twitter.com/3hkp71FTXo, PlanB (@100trillionUSD) September 1, 2021. Hey Guys, Fidelity said, Bitcoin could reach 1b [1]. With the new outfit, Block Inc will now have a defined presence, not just as a promoter, but as a major stakeholder in the Lightning Network ecosystem. Asset management firm, Fidelity Digital Assets, has recently published a report analyzing the stock-to-flow valuation model created by Plan B. While the minimum price level can be around $64,878.79. $25,000+ prize pool! On the date of publication, William White. He believes that crypto coins and blockchain technology will have a great positive impact on people's lives. Bitcoin Hashrate Declines on Geopolitical Uncertainties, Filecoin Pilots EIP 1559 Solution for Resolving Ethereum Fee Structure, Bitcoin Inches Towards $40k as On-Chain & Technical Analysis Support Bulls, Zuckerberg Plans Metaverse Centered Digital Wallet, Zuckerberg Envisions Metaverse of Having Active Community of One Billion Soon, ZorroSign to Integrate its Digital Platform with Decentralized Provenance Blockchain, Zoom Takes Over Encryption Firm Keybase to Ensure Privacy, Security, Ziyen Energy Receives Oil Cash Distributions for their Tokenized Energy Fund, Zipmex to Facilitate Crypto Spending via Visa-Branded Card, Zimbabwe to Introduce Regulatory Sandbox for Crypto Focused Firms, Zilliqa Stamps its Entry into DeFi Space with Staking of One Billion ZIL within Few Hours, Zilliqa Rallies on News of Integration by Alien Worlds, Zilliqa Enters Metaverse with the Launch of XR platform Metapolis, NFT Martketplace Sparkles Launches on Flare Layer 1 Blockchain, Tokenization Free BeanQuest Games Launches on Binance Smart Chain, Mirror World Unveils Smart Solution for Developers to Monetize Blockchain Apps, Polygon Unveils Zero-Knowledge Web3 Identification Solution, Decentralized App Near Protocol Unveils Blockchain Operating System for Web3, ALINK AI Unveils Blockchain Powered Marketplace for Artificial General Intelligence Services, Multi-Chain NFT Marketplace Magic Eden Unveils 13 Web3 Games Across Three Blockchains, Blockchain Oracle Chainlink Rolls Out Serverless Platform for Easy Web2 to Web3 Transition, Crypto Wallet Infrastructure Provider Liminal Unveils Vaults App for Web3 Firms, The Sandbox Partners Brinc To Unveil Indian Cultural Metaverse Hub. He expects the crypto to hit $100,000 by the end of the year and reach a value of $500,000 in the long run. Sign up now for CryptoCodexA free, daily newsletter for the crypto-curious. The chart below was shared by Timmer on August 20th, showing the similarities between the cryptocurrency and the precious metals chart. As of press time, BTC is up 4.84 percent trading at $49,666 and a market cap of $933 billion. Surprisingly, the two asset types have a remarkable similarity. The latest cryptocurrency market news for today. Listen to a podcast he did, or just read Timmer's tweet thread based on a) comparisons to gold's unpegging and b) tech adoption curves. Copyright 2023 InvestorPlace Media, LLC. NEM (XEM) Explodes With a ~50% Increase in Price, Optimism (OP) Hits Key Resistance & TMS Network (TMSN) Presale Sells Out In 2 Weeks! Crypto-news-flash.com uses Cookies to ensure the best experience for you. Instead, Bitcoin is managed by computer software that anyone with access to the internet can download and use to monitor and . Boston-based investment firm Fidelity presented one of the most bullish scenarios for the price of Bitcoin, Anthony Pompliano said in his podcast The Best Business Show. Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! Annie Massa. That would give it a market cap of $2,100 trillion. Building Wealth Fidelity predicts $100M bitcoin in 2035 . Wall Street is catching on. Boston-based investment firm Fidelity presented one of the most bullish scenarios for the price of Bitcoin, Anthony Pompliano said in his podcast "The Best Business Show". As such, it is more resistant to wild inflation and corrupt banks. Considering the inflation indexs reading of USD 65, the safe haven and acclaimed precious metal, gold, could not do much at $94. Likewise, the purchasing power of 1 US dollar dropped to the lowest this time. About us Analyst Plan B was the first to apply this model to BTC and, according to recent updates, it has proven to be accurate. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned. Bitcoin proponents have maintained that bitcoin is uniquely insulated from the current crypto crisis, arguing its decentralized nature and fixed supply of 21 million bitcoins sets it apart from other cryptocurrencies and the problems facing crypto companies. You alone bear the risk for your investment decisions. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. In an interview with the Boston Globe, Christine Sandler, head of sales and marketing for Fidelity, said that the thing 90 percent of Fidelity's biggest clients were asking about is Bitcoin.. Tom Jessop, president of the digital asset business unit at Fidelity, told the Boston Globe that the company is . In a lengthy thread, Timmer makes reference to quant analyst PlanB's once popular stock-to-flow model (S2F), which attempted to predict the price of Bitcoin based . He even says in the Blockworks interview that the S2F reaches "ridiculous values"; the point is to demonstrate bitcoin follows exponential adoption curves. Now, one of the most bullish bitcoin voices has issued a huge bitcoin price prediction, forecasting the bitcoin price will explode to a massive $1 million per bitcoin by 2030 even as another crisis threatens to engulf the crypto market. Month. 2023 MDD Group FZE LLC That comes as the cryptocurrency moves closer and closer to a new all-time high. Looking ahead to the start of the next decade, DigitalCoinPrice predicted that the ethereum price in 2030 could reach $16,872.58, based on its assessment of historical data. Please login or register. Here is How to create NFTs on the Cardano blockchain. Five years further by 2035, the inflation rate will drop to 0.2 percent. If his prediction holds true, it would mean a massive increase in price for Bitcoin. You can unsubscribe at any time. Timmer backed up his assertion with a 4-hour BTC/USD chart that combined the . At that stage bitcoin price would be meaningless. One of the charts depicts Bitcoins adoption curve based on active addresses count and compares it with broadband subscriptions, Internet users, and mobile phone subscribers. So much hopium has been hard to digest for some, as one Redditor noted: "Bitcoin isn't going to hit $ 100 million. , isnt doing much better at $94 when the inflation index has a reading of $65. Boston-based financial services corporation Fidelity has come into the limelight for its prediction that Bitcoin (BTC) will be worth $100 million by 2035. The asset management giant compares Bitcoin's performance with the Gold rush of the 1970s. Fidelity, which also has its own crypto arm, Fidelity Digital Assets that builds enterprise-grade bitcoin custody services for large institutions, isnt new to the space as it first started mining Bitcoin (BTC) in 2014 and then Ether as well. One of the crypto analysts on Reddit noted: Bitcoin is not gonna reach $100 million. Bitcoin is the first cryptocurrency that was created back in 2009. The fidelity forecast is based on the Stock-to-Flow (S2F) model established by famous crypto analyst PlanB. Other altcoins have also joined the market rally. Nasdaq All Rights Reserved |, Fidelity believes Bitcoin will be worth $100 Million by 2035. The webinar also discusses purchasing power of various assets, not covering Bitcoin, where stocks are the clear winner at $3.9 billion, followed by bonds at $19.9 billion, and cash at $326k compared to the inflation index. He has since worked as a columnist on crypto coins covering advances, falls and rises in the market, bifurcations and developments. Bitcoin There are strong possibilities that the value of BTC will increase in 2025 because of community support and institutional investors. Boomers think fake news or changed stats are funny as they go to the poor farm with Nixon feudalism. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.coms discretion. Stocks were the clear winner followed by bonds and cash. Thus, at this time, the Bitcoin (BTC) price will shoot to $100 million. That can only happen if the financial system has collapsed, central banks failed and its full on chaos. Bitcoin could reach $100k by 2023, Fidelity Investments director says Bitcoin could reach $100k as early as 2023, Jurrien Timmer, Fidelity Investments director of global macro says. Theres even room for more lines. Share. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers, /news/fidelity-predicting-100-million-per-bitcoin-by-2035-2863299. Note that algorithm-based price predictions can be wrong as they use past performance to inform their estimates. Article printed from InvestorPlace Media, https://investorplace.com/2021/10/bitcoin-price-prediction-fidelity-analyst-says-btc-will-hit-this-number-in-2023/. The S2F model referred to by Timmer shows a continuous appreciation in the BTC price with the reduction in its annual inflation rate. If his prediction holds true, it would mean a massive increase in price for Bitcoin. Data protection policy. "Once they actually do the homework and see what's happened here, I think they might actually be more comfortable moving into bitcoin, and perhaps ether, as a first stop because they'll understand it more," Wood said. We may expect an average price of $69,646.04 if the current pumping continues. From this comparison and due to the growth in its fundamentals, Timmer believes BTC is ready to resume its uptrend. Although we have 15 years of the time horizon to touch these targets, it seems unrealistic at this point. Bitcoin's stock-to-flow will eclipse that of gold following the next halving (2024)." Source: Fidelity. One Bitcoin may be equivalent to $1. Fidelity Investments is set to launch a dedicated cryptocurrency investment platform, Fidelity Crypto, through its specialized arm of Digital Assets. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Win up to $1,000,000 in One Spin at CryptoSlots, Bitcoin (BTC) And Ethereum (ETH) Fall 4% Amid Silvergate Fallout, Bitcoins Decline To $22,000 Triggers Second-Largest Liquidation Trend In 2023. However, the chances are high that it is still because of the ongoing cautious selling in the sector: the big players continue to reduce their positions, probably forgetting about it again for a couple of years.". The CEO of Nominex Exchange, Pavel Shtikin, predicted that the crypto market will be bullish by 2025, leading to a bitcoin price of $500,000. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. Fidelity gave a presentation to clients recently that showed a bitcoin model that reached $100 million bitcoin price by 2035.