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Bitcoin was back in the news this week after an increase of $ 104,000 before he moved in a little. The rally, which started around 7 May, pushed the world’s largest cryptocurrency from $ 93,000 to no less than $ 104,000 by May 9.
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After withdrawing 4% in the next 24 hours, Bitcoin Still maintained a weekly profit of around 6%. This action in the short term is now stimulating greater predictions, including one that predicts that Bitcoin will increase another 10 times in value.
Another 10x jump ‘inevitable’, says expert
Muneeb Ali, the brain behind the Bitcoin Layer 2 Solution Starks, thinks that the next gigantic leap is on your hands. In his opinion, Bitcoin has already taken three different steps in his price process: from $ 100 to $ 1,000, then to $ 10,000, and then to more than $ 100,000.
I have seen Bitcoin go:
– from $ 100 to $ 1,000.
– from $ 1,000 to $ 10,000.
– from $ 10,000 to $ 100,000.Another 10x to $ 1,000,000 is inevitable.
– Muneeb.btc (@muneeb) May 8, 2025
Ali pointed out how every movement lasted more time, but followed a well -known pattern. In 2013, Bitcoin climbed from $ 100 to $ 1,000 in four months. Four years later, in 2017, it reached $ 10,000. By December 2024 it had crossed the $ 100,000. Based on that path, Ali said that another 10x jump to $ 1 million is not only likely – it is “inevitable”. However, he did not explain what that kind of increase would actually stimulate.
New projection sees $ 116k next month
The latest Bitcoin price forecast by Coincodex has the price with 13% and touches $116,600 on June 82025. Technical analysis indicates a positive trend, with 20 of the last 30 days (67%) the positive closure. Bitcoin registered 6.50% price volatility during the same time frame.
Source: Alternative.me
The Fear & Greed Index is currently 73, which is greed. Although this prediction does not yet completely indicate $ 1 million, it validates the idea that there is still room for Bitcoin to rise in the near future.
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A buy-in US government can speed up things
Zack Shapiro, a lawyer from Bitcoin Policy Institute, also thinks that Bitcoin has a lot of potential – and fast. He studied an account called the Bitcoin Act, which was re -introduced last March. The bill proposes the US government to buy 1 million BTC within five years. That represents 5% of the total offer.
If adopted, the bill would finance the acquisition with the help of a profit from golden revaluation. Shapiro indicated that such a plan would feed the demand so high that Bitcoin drives to $ 1 million rather than expected. This is stipulated that the bill gains strength and protects the financing it requires.
Featured image of Gemini Imagen, Graph of TradingView
Credit : www.newsbtc.com
