Thomas Fahrer, co-founder of Apollo, a Bitcoin ETF performance tracker, has made a bold prediction about the future of Bitcoin. He believes that the cryptocurrency could reach a staggering $3.5 million per coin by 2030. This prediction is based on his expectations of significant growth in global assets and an increasing adoption of Bitcoin as a store of value.

Fahrer's forecast is rooted in the assumption that total global assets will expand from approximately $900 trillion to $1,500 trillion by 2030. He also anticipates that Bitcoin will hold a share of 5% in global assets by then. Using these figures, he calculated that the price of one Bitcoin could reach $3.5 million.

Fahrer acknowledged that his prediction might be considered ambitious, but he believes that global asset inflation will exceed the 7% annual growth rate used in his forecast. He also noted that even if Bitcoin's market share only reaches 1%, the price could still increase significantly.

The Bitcoin price has recently witnessed a rebound, surging past $69,400. At press time, the BTC price stood at $69,394.41, boasting a market capitalization of $1.36 trillion. The 24-hour trading volume for Bitcoin skyrocketed 91.45% to $24.56 billion amid the recovery. The BTC futures open interest soared 3.99% to $35.73 billion in the last 24 hours, according to Coinglass.

Fahrer's insights were partly inspired by a recent presentation from Michael Saylor, founder of MicroStrategy. The presentation highlighted that Bitcoin's current market cap stands at $1 trillion, significantly trailing behind gold's $16 trillion while real estate space commands the domain with a $330 trillion market size.

In conclusion, Fahrer's prediction of $3.5 million per Bitcoin by 2030 is a bold and ambitious forecast. However, it is rooted in his expectations of significant growth in global assets and an increasing adoption of Bitcoin as a store of value.