Bitcoin’s potential rise to $1 million may be less dramatic than many expect, according to analyst PlanC, who believes the asset could steadily appreciate over several years rather than spike rapidly.
Analyst sees slow grind ahead
PlanC speculated that instead of major price drops or sudden surges, Bitcoin might “slow-grind up and to the right,” with only modest 10–30% corrections along the way.
He noted increasing adoption by institutions and the traditional financial system as drivers of this steady growth.
PlanC observed that long sideways price moves often convince investors a major correction is coming, yet a steep drop may never materialize.
The ongoing debate over whether spot Bitcoin ETFs and corporate treasuries have disrupted the classic four-year cycle continues among market participants.
Some predict explosive moves
Contrasting PlanC’s view, Jan3 founder Samson Mow recently predicted an “omega candle” that could send Bitcoin up by $100,000 in a single day. Mow previously stated:
“$1 million for Bitcoin is a given at this point, maybe this year, maybe next year.”
Other industry figures, such as Coinbase CEO Brian Armstrong and Eric Trump, also see a seven-figure Bitcoin within this decade, while Galaxy Digital’s Mike Novogratz cautioned that such a dramatic move soon could signal severe economic distress in the US.
Market prefers stability
Pav Hundal, lead analyst at Swyftx, told Cointelegraph that large buyers like corporate treasuries and sovereigns create a steady demand base, theoretically reducing price swings.
However, he warned that these participants are still subject to traditional market risks and could become forced sellers if credit conditions worsen.
Uncertain future for cycles
As the Bitcoin market matures, the outlook for dramatic corrections versus a steady grind upward remains the subject of debate, with few expecting the old patterns to repeat exactly.
