Bitcoin’s Road to $1 Million Could Be “Slow and Boring,” Analyst Suggests
Bitcoin’s rise to the long-discussed $1 million milestone may not come with the dramatic volatility that traders have come to expect, according to pseudonymous analyst PlanC.
A “Slow Grind” Instead of Sharp Rallies
In a recent post on X, PlanC argued that Bitcoin could “slowly grind upward” over the next several years, with only modest corrections in the 10–30% range, before eventually reaching the million-dollar mark by 2032.
What if the earlier “Bitcoin cycles” were nothing more than the product of a retail-dominated, FOMO-fueled market?
What if, from here on, Bitcoin simply slow-grinds up and to the right, with long, drawn-out, uneventful 10–30% corrections and consolidations?
And every time we…
— PlanC (@TheRealPlanC) August 31, 2025
The analyst noted that Bitcoin’s growing adoption among traditional finance institutions, corporate treasuries, and ETFs is steadily reshaping its market dynamics. He added that sideways price action often convinces traders that the cycle has ended — only for Bitcoin to continue its upward trajectory without the deep 80% drawdowns seen in earlier eras.
This view adds to the ongoing debate about whether institutional demand has permanently disrupted Bitcoin’s historic four-year halving cycle.
Competing Views: From “Omega Candles” to Economic Warnings
Not everyone agrees with PlanC’s steady-growth outlook.
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Samson Mow, CEO of Jan3, maintains that Bitcoin could still witness an “omega candle” — a $100,000 surge in a single day — propelling it toward $1 million far sooner.
$1M #BITCOIN ISN’T THAT MUCH GIVEN ALL THE MONETARY MONKEY BUSINESS GOING ON FOR THE LAST FEW DECADES pic.twitter.com/MzZZXi0mtD
— Samson Mow (@Excellion) January 1, 2024
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Coinbase CEO Brian Armstrong has forecasted Bitcoin reaching $1 million by 2030, while Eric Trump suggested the milestone is inevitable “within a few years.”
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In contrast, Galaxy Digital’s Mike Novogratz warned that such a rapid rise could signal serious distress in the U.S. economy, calling a $1 million Bitcoin in 2026 a “red flag” rather than a cause for celebration.
Market Stability vs. Hidden Risks
Pav Hundal, lead analyst at Swyftx, told Cointelegraph that the narrative of smaller corrections is appealing, especially as corporate treasuries, institutional desks, and even sovereign buyers establish consistent demand.
However, he cautioned that reliance on credit-driven treasuries poses risks. Should credit markets tighten, even these so-called “strong hands” could be forced to sell, potentially triggering volatility.
The Bigger Picture
At present, Bitcoin trades near $110,000, far above its 2022 lows below $16,000. The question is less about whether Bitcoin will reach $1 million, and more about how it will get there: through explosive price moves or a long, grinding climb shaped by institutional accumulation and steady adoption.
