Bitcoin's ascent to $1 million might not be the exciting rollercoaster many anticipate, but rather a "very boring" climb, according to pseudonymous Bitcoin analyst PlanC. This perspective contrasts with the more sensational predictions of overnight surges, suggesting a slow and steady grind upwards.

PlanC speculates that Bitcoin could gradually increase, with drawn-out, uneventful corrections of 10–30%. Instead of dramatic pumps, the analyst envisions a continuous, slow rise to $1,000,000 over the next seven years, which may seem underwhelming. This forecast hinges on Bitcoin's increasing acceptance and adoption by traditional financial institutions and major players.

Several factors support this outlook. Bitcoin's supply on exchanges is dwindling, with less than 15% of the total supply available, the lowest since 2018. This indicates growing accumulation by long-term holders and corporations using Bitcoin as a treasury reserve. Institutional inflows into Bitcoin exchange-traded funds (ETFs) remain consistent, with over $219 million entering in a single week during mid-2025.

Other analysts offer varying timelines for Bitcoin reaching $1 million. Eric Trump recently reiterated his prediction that Bitcoin will hit $1 million within the next several years, citing aggressive accumulation by nation-states and Fortune 500 companies. Institutional adoption is driving unprecedented demand, as wealthy families and major corporations recognize Bitcoin's value as a digital store of wealth.

However, some argue that a rapid surge to $1 million would be a negative sign. Galaxy Digital CEO Mike Novogratz suggested that Bitcoin reaching $1 million next year would indicate serious trouble in the U.S. economy.

Contrasting PlanC's "boring" outlook, Jan3 founder Samson Mow predicts an "omega candle" that could propel Bitcoin up by $100,000 in a single day. Mow believes $1 million for Bitcoin is a given, possibly within a year or two.

Despite differing views on the pace, many experts agree on the long-term potential. A panel of crypto experts predicted Bitcoin could average $145,167 by the end of 2025, with some expecting as high as $250,000. By 2030, some projections reach $1 million. A consensus across many studies points to 2030 to 2035 as the realistic timeframe for Bitcoin to achieve the million-dollar mark. Bitwise Asset Management forecasts Bitcoin reaching $1.3 million by 2035, based on a compound annual growth rate of 28.3%. Swan Bitcoin, using Metcalfe's Law, suggests Bitcoin could reach $1 million by 2030 due to network adoption.

Currently, Bitcoin trades around $107,700. While short-term volatility persists, analysts like Tiger Research project a price target of $190,000 by Q3 2025, citing record institutional adoption and regulatory support.

Whether Bitcoin's path to $1 million is an exciting surge or a slow grind remains to be seen. The increasing institutional interest, diminishing supply, and growing recognition of Bitcoin as a store of value suggest that the long-term trajectory is upward.