Bitcoin News Today: Bitcoin's Quiet Rise to $1M Could Signal a Matured Market

Bitcoin’s path toward $1 million could be far less dramatic than many anticipate, with a slow and steady price increase expected over the next seven years, according to pseudonymous analyst PlanC. In a recent post on X, PlanC speculated that the asset might "slow-grind up and to the right," experiencing only minor corrections of 10–30% along the way, rather than the sharp price swings commonly expected in the volatile crypto market. This projection is attributed to growing institutional and traditional financial system adoption, as well as the maturation of the Bitcoin market itself [1].

PlanC’s view contrasts with other industry figures who predict more rapid price movements. Jan3 founder Samson Mow, for example, has suggested that Bitcoin could experience a single-day price surge of $100,000 under what he calls an “omega candle” scenario. Mow has previously stated that a price of $1 million is “a given at this point, maybe this year, maybe next year.” Similarly, Coinbase CEO Brian Armstrong has projected that Bitcoin could reach $1 million by 2030, while Eric Trump has also indicated that it is likely to reach seven figures within the next several years [1].

On the other hand, some analysts caution against overly optimistic short-term forecasts. Galaxy Digital CEO Mike Novogratz warned that a Bitcoin price of $1 million in the near future could signal serious domestic economic challenges in the U.S. “People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we’re in such a shitty place domestically,” Novogratz said. His comments highlight concerns that rapid price appreciation may reflect macroeconomic instability rather than organic market demand [2].

Institutional and sovereign buyer participation is increasingly shaping Bitcoin’s price trajectory. Swyftx lead analyst Pav Hundal noted that corporate treasuries, institutional desks, and sovereign buyers are forming a stable base of demand that should theoretically reduce extreme price volatility. However, Hundal also warned that these participants are not immune to traditional market forces. If credit spreads widen or risk measures fluctuate, even strong buyers could become forced sellers under pressure, reintroducing volatility into the market [1].

The broader debate surrounding Bitcoin’s price path also includes discussions about whether the traditional four-year market cycle has been disrupted. Some argue that the growing demand from spot Bitcoin ETFs and corporate treasuries has altered the dynamics of the market. Despite the differing viewpoints, most industry experts agree that Bitcoin is on a trajectory to reach $1 million, albeit through varying paths and timeframes. As the market evolves, the balance between structural demand and external economic pressures will play a critical role in shaping the asset’s future [3].

Source:

[1] Bitcoin's path to $1M may be 'very boring,' says analyst (https://cointelegraph.com/news/bitcoin-price-million-slower-gradual-growth-analyst-speculates)

[2] Analyst suggests Bitcoin's journey to $1M could be 'quite ... (https://intellectia.ai/news/crypto/bitcoins-path-to-1m-may-be-very-boring-says-analyst)

[3] Analyst Says Slow, Steady Grind to $1M (https://bitbo.io/news/analyst-slow-grind-bitcoin-million)