Bitcoin to Hit $1 Million? Expert Predicts Another 10x Surge

Bitcoin’s Meteoric Rise and the $1 Million Prediction

Bitcoin’s recent surge past $104,000, albeit briefly, has reignited discussions about its future price trajectory. This rally, commencing around May 7th, propelled Bitcoin from approximately $93,000 to a peak of $104,000 within just a couple of days. While a subsequent 4% retraction occurred, the overall weekly gain remained a healthy 6%, fueling ambitious predictions.

The 10x Theory: Another Leap to $1 Million?

Muneeb Ali, a prominent figure behind the Bitcoin Layer 2 solution StarkEx, believes another substantial price increase is imminent. He highlights Bitcoin’s historical pattern: three distinct 10x jumps – from $100 to $1,000, then $1,000 to $10,000, and finally $10,000 to over $100,000. Ali posits that a fourth 10x jump to $1 million is ‘inevitable’, although he doesn’t explicitly detail the underlying drivers of such a dramatic increase.

Timeline and Supporting Factors

Ali’s analysis notes an increasing timeframe between each 10x jump. The initial leap took four months (2013), the second four years (2017), and the third approximately three years (2020 to 2024). Based on this pattern, while the timing remains uncertain, his prediction gains some credence.

Short-Term Forecasts and Potential Catalysts

CoinCodex’s latest forecast predicts Bitcoin to reach $116,600 by June 8th, 2025, a more conservative estimate but still indicative of further upward momentum. Furthermore, the Fear & Greed Index currently sits at 73 (Greed), suggesting significant market optimism. The potential government involvement, as proposed by the Bitcoin Act (which suggests a US government purchase of 1 million BTC over five years), could further accelerate Bitcoin’s price surge, if passed and funded.

Conclusion

While a $1 million Bitcoin remains a bold prediction, the recent price action, historical patterns, and potential policy shifts combine to create a fascinating scenario for Bitcoin investors. The timing remains uncertain, but the potential for significant growth is undeniable, making it a compelling space to watch closely.