{"id":4550,"date":"2025-05-10T04:11:10","date_gmt":"2025-05-10T04:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/tech-expert-predicts-1-million-bitcoin-only-one-more-10x-left\/"},"modified":"2025-05-10T04:11:10","modified_gmt":"2025-05-10T04:11:10","slug":"tech-expert-predicts-1-million-bitcoin-only-one-more-10x-left","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/tech-expert-predicts-1-million-bitcoin-only-one-more-10x-left\/","title":{"rendered":"Tech Expert Predicts $1 Million Bitcoin \u2014 \u2018Only One More 10x Left\u2019"},"content":{"rendered":"

Bitcoin was back in the news this week after surging past $104,000 before retracting a bit. The rally, which started around May 7, propelled the world’s largest cryptocurrency from $93,000 to as much as $104,000 by May 9.<\/p>\n

After retreating 4% in the following 24 hours, Bitcoin<\/a> still maintained a weekly gain of around 6%. That short-term action is now driving larger predictions, including one that forecasts Bitcoin will increase another 10 times in value.<\/p>\n

Another 10x Jump ‘Inevitable,’ Expert Says<\/h2>\n

Muneeb Ali, the brains behind the Bitcoin Layer 2 solution Starks, thinks the next giant leap is imminent. In his opinion, Bitcoin has already taken three distinct steps in its price trajectory: from $100 to $1,000, then to $10,000, and then to over $100,000.<\/p>\n

\n

i\u2019ve seen bitcoin go:<\/p>\n

– from $100 to $1,000.
\n– from $1,000 to $10,000.
\n– from $10,000 to $100,000.<\/p>\n

one more 10x to $1,000,000 is inevitable.<\/p>\n

\u2014 muneeb.btc (@muneeb) May 8, 2025<\/a><\/p>\n<\/blockquote>\n

Ali pointed out how each move took more time but followed a familiar 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 mark. Based on that path, Ali said another 10x jump to $1 million isn\u2019t just likely \u2014 it\u2019s “inevitable”. However, he didn\u2019t explain what would actually drive that kind of rise.<\/p>\n

\"\"<\/p>\n

New Projection Sees $116K Next Month<\/h2>\n

The latest Bitcoin price forecast by CoinCodex has the price increasing by 13% and hitting $116,600 on June 8<\/a>, 2025. Technical analysis indicates a positive trend, with 20 of the past 30 days (67%) closing in the positive. During the same timeframe, Bitcoin recorded 6.50% price volatility.<\/p>\n

\"\"<\/p>\n

The Fear & Greed Index is currently at 73, which is Greed.\u00a0Though this prediction is not quite hinting at reaching $1 million yet, it validates the notion that there is still space for Bitcoin to rise in the near future.<\/p>\n

A US Government Buy-In Could Speed Things Up<\/p>\n

Zack Shapiro, a Bitcoin Policy Institute lawyer, also thinks that Bitcoin has a lot of potential \u2014 and quick. He studied a bill called the Bitcoin Act, which was reintroduced last March. The bill proposes the US government to purchase 1 million BTC<\/a> within five years. That represents 5% of the total supply.<\/p>\n

If passed, the bill would fund the acquisition using profits from gold revaluation. Shapiro indicated that a plan like that would fuel demand so high it drives Bitcoin to $1 million earlier than anticipated. That’s provided that the bill gains momentum and secures the financing it requires.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin was back in the news this week after surging past $104,000 before retracting a bit. The rally, which started around May 7, propelled the world’s largest cryptocurrency from $93,000 to as much as $104,000 by May 9. After retreating 4% in the following 24 hours, Bitcoin still maintained a weekly gain of around 6%.…<\/p>\n","protected":false},"author":1,"featured_media":4551,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[65,73,70,19],"class_list":["post-4550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=4550"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4551"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}