Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
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%. That short-term action is now driving larger predictions, including one that forecasts Bitcoin will increase another 10 times in value.
Another 10x Jump ‘Inevitable,’ Expert Says
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.
i’ve seen bitcoin go:
– from $100 to $1,000.
– from $1,000 to $10,000.
– from $10,000 to $100,000.
one more 10x to $1,000,000 is inevitable.
— muneeb.btc (@muneeb) May 8, 2025
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’t just likely — it’s “inevitable”. However, he didn’t explain what would actually drive that kind of rise.
BTCUSD trading at $103,115 on the 24-hour chart: TradingView.com
New Projection Sees $116K Next Month
The latest Bitcoin price forecast by CoinCodex has the price increasing by 13% and hitting $116,600 on June 8, 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.
Source: Alternative.me
The Fear & Greed Index is currently at 73, which is Greed. Though 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.
A US Government Buy-In Could Speed Things Up
Zack Shapiro, a Bitcoin Policy Institute lawyer, also thinks that Bitcoin has a lot of potential — 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 within five years. That represents 5% of the total supply.
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.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto.
