Fidelity Expects Bitcoin (BTC) Price to Touch $100 Million by 2035

·

Bitcoin Price Prediction: Fidelity’s Bold $100 Million Forecast by 2035

In a recent "very special" webinar, financial powerhouse Fidelity Investments unveiled an audacious long-term outlook for Bitcoin (BTC), projecting a staggering $100 million per BTC by 2035. While this figure may sound implausible at first glance, the analysis stems from a respected macroeconomic lens and draws on widely discussed valuation models within the crypto community.

Fidelity, headquartered in Boston, has steadily cemented its presence in the digital asset space. Through its dedicated crypto arm, the firm offers institutional-grade Bitcoin custody solutions, signaling deep confidence in the asset’s long-term viability. This latest forecast, delivered by Jurrien Timmer—Director of Global Macro at Fidelity—adds fuel to the growing narrative that Bitcoin could redefine global wealth storage over the coming decades.

👉 Discover how institutional investors are shaping the future of digital assets.

Understanding Fidelity’s Bullish Bitcoin Outlook

Timmer’s analysis leveraged the stock-to-flow (S2F) model popularized by the pseudonymous analyst PlanB. This model evaluates assets that gain value through scarcity, particularly those with predictable supply issuance like Bitcoin. The core idea is simple: as Bitcoin’s block rewards halve approximately every four years, its “inflation rate” decreases, increasing scarcity and, theoretically, driving price appreciation.

According to Fidelity’s interpretation of this model, Bitcoin could reach $1 million within the next decade**, with a potential climb to **$100 million by 2035. These projections assume continued adoption, sustained network security, and increasing recognition of Bitcoin as a store of value—similar to gold but with a hard-capped supply.

While these numbers are speculative, they reflect a growing institutional willingness to entertain Bitcoin not just as a speculative asset, but as a foundational component of future portfolios.

Market Context and Realistic Expectations

Despite the optimism, many experts remain skeptical about the feasibility of a $100 million Bitcoin. A key counterargument lies in market capitalization. At $100 million per BTC, and with approximately 21 million coins in circulation, Bitcoin’s total market cap would reach $2.1 quadrillion.

To put that into perspective:

A $2.1 quadrillion valuation would mean Bitcoin alone represents over five times the current global wealth—an outcome that seems economically unviable under today’s financial structures.

However, it’s important to note that such long-term forecasts are not meant as precise price targets but rather as thought experiments illustrating the exponential growth potential if Bitcoin achieves mass adoption as digital gold.

Bitcoin Adoption Curve: Drawing Parallels with Tech Giants

One of the most compelling aspects of Timmer’s presentation was his comparison of Bitcoin’s adoption curve to that of transformative technologies like the internet, mobile phones, and broadband.

Using active address data as a proxy for user growth, Fidelity illustrated how Bitcoin’s adoption is following a logistic S-curve—a pattern seen in nearly all disruptive technologies. Early growth is slow, then accelerates rapidly before plateauing as saturation is reached.

For example:

If Bitcoin follows a similar trajectory—driven by financial inclusion, remittances, and hedge against inflation—it could see explosive growth in emerging markets where trust in fiat currencies is low.

👉 See how early adoption trends are shaping tomorrow’s financial landscape.

Purchasing Power Over Time: Why Bitcoin Matters

Fidelity also highlighted a critical yet often overlooked factor: purchasing power erosion. Over time, fiat currencies lose value due to inflation. Since its inception in 2009, Bitcoin has maintained deflationary mechanics through its halving events and fixed supply cap of 21 million coins.

The webinar included a chart comparing the purchasing power of various asset classes since 1950:

Bitcoin, though only active for about 15 years, has outperformed all traditional assets in terms of annualized returns. While volatile, its ability to preserve and grow wealth over cycles makes it an attractive option for forward-thinking investors.

Current Market Performance: BTC Nears $50K

Amid renewed institutional interest, Bitcoin is showing signs of strength. After a brief pullback, BTC is reclaiming momentum, trading at $48,901**—up 3.58%—with a market capitalization of **$921 billion.

Ethereum (ETH) is also surging, climbing 4% to retest the $3,200 mark. Meanwhile, select altcoins like Solana (SOL) are up over 10%, signaling broad-based market confidence.

This rally coincides with increased ETF inflows, regulatory clarity in major markets, and growing corporate treasury allocations—factors that align with Fidelity’s long-term bullish thesis.

Core Keywords and SEO Strategy

The central themes embedded throughout this analysis include:

These keywords naturally integrate into the discussion, supporting search visibility without compromising readability or authenticity.

👉 Explore how macro trends are influencing next-generation investment strategies.

Frequently Asked Questions (FAQ)

What is Fidelity’s Bitcoin price prediction for 2035?

Fidelity analyst Jurrien Timmer suggested a potential $100 million per Bitcoin by 2035, based on extrapolations from the stock-to-flow model. This is a theoretical long-term projection rather than a guaranteed outcome.

Is a $100 million Bitcoin realistic?

While mathematically possible under extreme adoption scenarios, a $100 million BTC implies a market cap far exceeding current global wealth. Most experts view this as highly speculative, though it underscores Bitcoin’s asymmetric upside potential.

What model did Fidelity use for its BTC forecast?

Fidelity referenced the stock-to-flow (S2F) model, which values assets based on scarcity. The model assumes that as Bitcoin’s supply issuance decreases over time (due to halvings), its price will rise proportionally.

How does Bitcoin compare to gold as a store of value?

Both assets serve as hedges against inflation. However, Bitcoin has a fixed supply (21 million coins), making it more scarce than gold, which continues to be mined. Additionally, Bitcoin offers portability, divisibility, and verifiability advantages in the digital age.

What drives Bitcoin’s adoption curve?

Key drivers include macroeconomic instability, distrust in traditional banking systems, demand for decentralized finance (DeFi), remittance efficiency, and growing acceptance by institutions and governments.

Is now a good time to invest in Bitcoin?

Timing the market is challenging. However, with increasing institutional adoption, regulatory progress, and limited supply ahead of future halvings, many analysts believe we are in a favorable accumulation phase for long-term investors.

Final Thoughts: Vision vs. Reality

Fidelity’s $100 million Bitcoin forecast should not be taken as financial advice or a near-term expectation. Instead, it represents a bold vision of what could happen if Bitcoin becomes the dominant global reserve asset—a digital equivalent of gold with unprecedented scarcity and programmability.

While practical and economic constraints make such valuations unlikely in the conventional sense, the underlying message is clear: Bitcoin’s potential remains vastly underestimated by traditional financial models.

As adoption grows and macroeconomic conditions evolve, even conservative revisions of this forecast could still result in life-changing returns for early believers. Whether or not BTC hits $100 million, one thing is certain—its impact on finance is only beginning.