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Bitcoin was back in the news this week after exceeding $ 104,000 before retracting a little. The rally, which started around May 7, propelled the world’s largest cryptocurrency from $ 93,000 to $ 104,000 on May 9.
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After withdrawing 4% within 24 hours, Bitcoin Always maintained a weekly gain of around 6%. This short -term action now stimulates greater forecasts, one of which provides that Bitcoin will increase 10 times of additional value.
Another 10x jump “inevitable”, says the expert
Muneeb Ali, the brain behind the Bitcoin Layer 2 Starks solution, thinks that the next giant jump is imminent. In his opinion, Bitcoin has already taken three separate measures in its price trajectory: from $ 100 to $ 1,000, then to $ 10,000, then to more than $ 100,000.
I saw Bitcoin go:
– From $ 100 to $ 1,000.
– $ 1,000 to $ 10,000.
– $ 10,000 to $ 100,000.Another 10x to $ 1,000,000 is inevitable.
– MUNEB.BTC (@MUNEB) May 8, 2025
Ali pointed out how each movement took more time but followed a familiar model. In 2013, Bitcoin increased from $ 100 to $ 1,000 in four months. Four years later, in 2017, he reached $ 10,000. In December 2024, he crossed the $ 100,000 mark. On the basis of this path, Ali said that another jump of 10 times to 1 million dollars is not likely – it is “inevitable”. However, he did not explain what would really lead to this kind of climb.
The new screening sees $ 116,000 next month
The last forecast of the Bitcoin price by Coincocex has the price increase by 13% and strike $116,600 June 82025. Technical analysis indicates a positive trend, 20 of the last 30 days (67%) closing in the positive. During the same period, Bitcoin recorded price volatility of 6.50%.
Source: Alternative.me
The Fear & Greed index is currently at 73, which is greed. Although this prediction has not yet suggested reaching $ 1 million, it validates the idea that there is still space so that Bitcoin increases in the near future.
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A buy-in of the US government could speed things up
Zack Shapiro, a Bitcoin Policy Institute lawyer, also thinks that Bitcoin has a lot of potential – and quickly. He studied a bill called Bitcoin Act, which was reintroduced last March. The bill offers the US government to buy 1 million BTC within five years. This represents 5% of the total offer.
If it is adopted, the bill would finance the acquisition using the benefits of the revaluation of gold. Shapiro indicated that a plan like this would feed the demand so high that it leads Bitcoin to $ 1 million earlier than expected. This is expected that the bill will increase and guarantee the funding it needs.
Star image of Gemini Imagen, tradingView graphic
