Multiple pricing models across the industry are converging on a similar thesis: Bitcoin could hit $1 million between 2031 and 2033. But what does the actual path look like?

Two primary scenarios emerge from the data. First, steady appreciation—roughly $150k in annual gains accumulating toward that target. Second, a more volatile pattern: explosive rally years interspersed with consolidation periods, creating that characteristic on-chain cycle dynamic.

The real question isn't whether these models are credible. It's what catalyzes a breakout before the timeline fully plays out. If either accumulation pattern accelerates or market conditions align unexpectedly, could we see that $1M milestone years ahead of schedule?

Historically, when consensus solidifies around a target, the market often tests those levels early. The mechanics are simple—spot accumulation, leverage cycles, and macro tailwinds don't wait. So while 2031-2033 represents the modal outcome from most frameworks, don't be surprised if Bitcoin forces that conversation much sooner.