Bitcoin could reach $1 million in a far less dramatic fashion than many traders anticipate, according to pseudonymous analyst PlanC.
In a Sunday post on X, PlanC suggested that instead of explosive rallies, Bitcoin may simply “slow-grind up and to the right” with a series of modest 10–30% corrections and consolidations.
“Over the next seven years, we might just keep grinding slowly upward to $1,000,000 in a very boring and underwhelming way,” the analyst wrote, pointing to Bitcoin’s increasing integration with traditional finance and growing institutional adoption.
PlanC added that whenever Bitcoin trades sideways for long stretches, investors expect a cycle-ending crash of up to 80%—but those deep drawdowns may no longer materialize. This view feeds into the broader debate over whether surging demand from spot ETFs and corporate treasuries has broken the asset’s historic four-year cycle.
Not all analysts agree. Jan3 founder Samson Mow has argued that Bitcoin could still deliver explosive moves, predicting an “omega candle” that would send the price soaring by $100,000 in a single day. He said in June that $1 million per Bitcoin is “a given at this point—maybe this year, maybe next year.”
PlanC’s steady-growth outlook puts Bitcoin at $1 million by 2032—slightly later than other industry leaders have projected.
Coinbase CEO Brian Armstrong recently set 2030 as his target for Bitcoin hitting seven figures, while Eric Trump declared there’s “no question” the milestone will be reached within the next several years.
Others warn that hitting $1 million too quickly could spell trouble. On Aug. 17, Galaxy Digital CEO Mike Novogratz cautioned that a million-dollar Bitcoin in 2026 would reflect a collapsing U.S. economy.
“People cheering for Bitcoin to hit $1 million next year—I told them, it only happens if the U.S. is in a really bad place,” Novogratz said.
Swyftx lead analyst Pav Hundal told Cointelegraph that the idea of “smaller corrections” appeals to everyone, with institutional desks, corporate treasuries, and even sovereign buyers providing a strong demand base. This structural support could, in theory, reduce Bitcoin’s notorious volatility.
Still, Hundal warned that the market remains untested. “We don’t know how it will respond under stress,” he said. “Treasury buyers aren’t immune to broader financial conditions. Many rely on credit, and if spreads widen or risk sentiment shifts, even the strongest holders could be forced to sell.”
