Bitcoin’s recent surge past $104,000 has sparked some bold predictions about its future price. One expert believes a massive price jump is just around the corner.
A 10x Increase?
Muneeb Ali, a prominent figure in the Bitcoin space, predicts another tenfold increase in Bitcoin’s price, taking it to $1,000,000. He points to Bitcoin’s historical price movements:
Ali argues that each of these jumps took longer than the last, but followed a consistent pattern, making a final jump to $1,000,000 “inevitable.” However, he doesn’t offer specifics on what might trigger such a dramatic rise.
Short-Term Predictions
More conservative predictions exist. CoinCodex, for example, forecasts a more modest increase to $116,600 by June 8th, 2025. Their analysis shows a positive trend in Bitcoin’s price over the past month, suggesting further growth is possible.
Government Intervention Could Accelerate Growth
Adding fuel to the fire, Zack Shapiro, a lawyer at the Bitcoin Policy Institute, highlights the potential impact of the “Bitcoin Act.” This bill proposes the US government buying 1 million BTC over five years. Shapiro believes such a large purchase would dramatically increase demand, potentially pushing Bitcoin to $1 million much faster than otherwise expected. The success of this scenario, however, depends on the bill’s passage and securing the necessary funding.
