Tech Specialist Foresees $1 Million Bitcoin — ‘Just One More 10x Increase Remaining’

Bitcoin made headlines recently after climbing above $104,000 before experiencing a slight pullback. The surge, which began around May 7, saw the cryptocurrency’s value rise from $93,000 to a peak of $104,000 by May 9.

Subsequently, Bitcoin experienced a 4% dip in the next 24 hours but managed to maintain a weekly increase of about 6%. This immediate movement is sparking larger forecasts, including one that suggests Bitcoin could multiply in value by a factor of ten.

Expert Predicts a 10x Surge is Certain

Muneeb Ali, the creator behind the Bitcoin Layer 2 initiative Starks, believes this next significant surge is on the horizon. He notes that Bitcoin’s price has historically progressed through three major phases: first from $100 to $1,000, next from $1,000 to $10,000, and then beyond $100,000.

Ali observed that each upward movement took progressively longer yet followed a similar pattern. In 2013, Bitcoin escalated from $100 to $1,000 in just four months. Then, four years later in 2017, it shot up to $10,000, and by December 2024, it crossed the $100,000 threshold. Given this trajectory, he argues that another tenfold jump to $1 million is not merely probable — it is “inevitable.” However, he did not clarify what factors might trigger such an increase.

Forecast Predicts $116,600 by Next Month

The most recent Bitcoin price prediction from CoinCodex suggests an increase of 13%, positioning it at $116,600 by June 8, 2025. Technical assessments indicate a favorable trend, with 20 out of the last 30 days (67%) closing positively. During this same period, Bitcoin also experienced a price volatility of 6.50%.

The Fear & Greed Index currently registers at 73, indicating a sentiment of Greed. Although this prediction does not immediately suggest a rise to $1 million, it reinforces the viewpoint that Bitcoin still has room for growth in the near term.

US Government Interest Might Accelerate Growth

Zack Shapiro, an attorney associated with the Bitcoin Policy Institute, also sees significant potential for Bitcoin — and rapidly. He recently reviewed a legislative proposal known as the Bitcoin Act, reintroduced last March. This bill aims for the US government to acquire 1 million BTC over five years, equivalent to 5% of the total supply.

Should the bill pass, it would finance the acquisitions through profits generated from a gold revaluation. Shapiro suggests that such a plan could create a surge in demand sufficient to propel Bitcoin to $1 million sooner than expected, provided it gains the necessary support and funding.