Bitcoin May Reach $1 Million by 2032 Through Slow Growth

Bitcoin analyst PlanC suggests that Bitcoin may reach $1 million by 2032 through a "slow-grind" rather than rapid price spikes. He argues that past cycles driven by retail and FOMO could be replaced by long periods of consolidation, with corrections of 10–30% instead of drastic drops. This gradual approach contrasts with predictions from others in the field.

Key Points

PlanC envisions steady gains over sharp parabolic runs.
Samson Mow anticipates an “omega candle” that could increase Bitcoin's price by $100,000 in one day.
Tom Lee predicts Bitcoin could hit $3 million due to a supply shock, while Michael Saylor sees $1 million by 2035.
Bitwise forecasts $1.3 million by 2035, citing economic factors like rising US debt.
Pav Hundal warns of potential forced selling if credit conditions worsen.
Mike Novogratz believes a quick rise to $1 million would signal economic trouble.

The debate remains whether Bitcoin will experience a sudden surge or a gradual ascent, with the possibility of reaching $1 million at the center of discussions.