According to pseudonymous Bitcoin analyst PlanC, the road to $1,000,000 per coin might look a lot less pronounced than many expect.
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 argues that long stretches of sideways trading tend to fool people into thinking the cycle has ended and that crashes of up to 80% are coming.
He suggested those deep wipeouts haven’t played out every time prices pause. Instead, he envisions recurring, drawn-out consolidations and corrections of roughly 10–30% — messy but manageable — that add up to steady gains rather than headline-grabbing rallies.
Not everyone agrees. Jan3 founder Samson Mow has painted a very different picture. According to reports, Mow predicted an “omega candle” that could lift Bitcoin by $100,000 in a single day.
He told Magazine in June that $1,000,000 is “a given,” and he suggested the milestone could come this year or next. That view leans on the idea that sudden, extreme demand imbalances can still trigger explosive moves.
Tom Lee has suggested it could hit that kind of figure or even $3,000,000 long term, while Michael Saylor has put $1 million on the table by 2035.
Asset managers have joined the chorus. Bitwise forecasts $1.3 million by 2035, pointing to rising US debt and a weaker dollar as drivers.
Other voices include Robert Kiyosaki, who sees $1 million by 2030, and Cantor Fitzgerald analysts who also back the milestone. Timelines differ, but institutional confidence in Bitcoin’s long-term case is clearly growing.
Meanwhile, Swyftx lead analyst Pav Hundal warned that many treasury buyers use credit, and if credit spreads widen or risk measures spike, “strong hands” could be forced sellers.
Market structure can change quickly when liquidity thins or macro stress appears. Reports have disclosed that institutional flows create a base of demand, but they don’t remove traditional market pressures.
Some industry figures view a rapid ascent as a red flag. Galaxy Digital CEO Mike Novogratz said on Aug. 17 that a million-dollar Bitcoin next year would likely mean the US economy was in serious trouble.
In his view, extreme price moves tied to fear or systemic stress would not be a healthy signal for either markets or the broader economy.
For now, the outlook splits between a blockbuster surge and a quiet climb. Whether Bitcoin delivers an omega candle or inches its way higher, the possibility of reaching $1,000,000 remains central to the debate.
If PlanC is right, there may be no fireworks at all—just a steady grind that takes the coin to its milestone over the next seven years.
Featured image from Meta, chart from TradingView
