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Bitcoin made headlines again this week, after it surged past $104,000 and then retreated a little. This rally began around May 7 and propelled Bitcoin from $93,000 up to $104,000 on May 9.
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In the next 24 hours, 4% of your investment will be lost. Bitcoin Still maintained a gain in value of around 6% per week. This short-term performance is driving bigger predictions. One of them predicts that Bitcoin’s value will rise another 10x.
Another 10x Jump ‘Inevitable,’ Expert Says
Muneeb, the creator of the Bitcoin Layer 2 Solution Starks believes the next huge leap is coming. According to him, Bitcoin’s price has taken three major steps: $100, $1,000, $10,000 and over $100,000.
i’ve seen bitcoin go:
– from $100 to $1,000.
– from $1,000 to $10,000.
– from $10,000 to $100,000.It is not unlikely that we will see another 10x increase to $1,000,000.
— muneeb.btc (@muneeb) May 8, 2025
Ali explained that while each movement took longer, it followed the same pattern. Bitcoin rose from $100 to $1000 in just four months. In 2017, four years after its launch, it had reached $10,000. It will reach $100,000 by December 2024. Based on that path, Ali said another 10x jump to $1 million isn’t just likely — it’s “inevitable”. He did not explain the actual cause of such a rise.
A New Prediction Sees $116K next Month
CoinCodex’s latest Bitcoin forecast shows a price increase of 13%, with the value reaching $116,600 on June 8, 2025. A positive technical trend is evident, with the closing of 20 days out of the 30 in the past (67%) being positive. Bitcoin experienced a 6.50% price swing during this timeframe.
Source: Alternative.me
The Fear & Greed Index is currently at 73, which is Greed. This prediction does not yet indicate that Bitcoin will reach $1 million, but it confirms the idea that Bitcoin can still rise.
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An American government buy-in would speed up things
Zack Shapiro, a Bitcoin Policy Institute lawyer, also thinks that Bitcoin has a lot of potential — and quick. He researched a bill known as the Bitcoin Act which was reintroduced in March. It proposes that the US government purchase Bitcoin. 1 million BTC In five years. It represents 5% the supply.
The bill, if passed, would use the profits generated by the revaluation of gold to fund the purchase. Shapiro said that such a plan would drive demand to such a high level that Bitcoin could reach $1 million sooner than expected. The bill must gain momentum in order to secure the necessary financing.
Chart from TradingView, with image by Gemini Imagen
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Source: www.newsbtc.com
