Analyst PlanC has ignited discussions among crypto investors with a prediction of Bitcoin reaching $1 million through measured corrections over seven years.
PlanC's Bitcoin Steady Growth Thesis
Analyst PlanC proposed a contrarian view, stating that Bitcoin will reach $1 million in seven years through long consolidations and gentle corrections of 10-30%. This strategy is seen as less thrilling but steady, highlighting shifts in investor psychology and capital flows.
Market Divergence: Omega Candles vs Slow-Grind
Not all analysts support the slow growth theory. Samson Mow from Jan3 predicts a sharp $100,000 increase in one day, whereas Coinbase CEO Brian Armstrong expects Bitcoin to hit $1 million by 2030. Galaxy Digital CEO Mike Novogratz points out that a rapid price surge may indicate broader economic troubles.
Factors Supporting the Slow-Grind Narrative
Pav Hundal, lead analyst at Swyftx, notes that demand from corporate treasuries and institutional investors creates a stable base for pricing. However, he warns that these market participants could become 'forced sellers' if macroeconomic conditions deteriorate.
PlanC's slow-grind theory presents a viable alternative to traditional bullish narratives. With institutional accumulation and infrastructure growth, Bitcoin's path to $1 million may be less dramatic but more sustainable.
