Recent Bitcoin price movements have revived long-term forecasts, as Muneeb Ali, the founder of Bitcoin Layer 2 platform Starks, says another 10x rise is inevitable.
Follow @Lachakari_Crypto
While short-term volatility has remained, Ali’s projection has drawn attention due to Bitcoin’s historical trajectory and its continued expansion in market value. His statement arrives during a period of renewed optimism, following a notable climb in Bitcoin’s price earlier in the week.
Bitcoin Climbs Above $104K Before Daily Pullback
Beginning May 6, Bitcoin registered a sharp upward trend. It advanced from around $93,000 to exceed $104,000 by May 8, showcasing solid momentum over a short span.
This surge reflected a 1.54% increase across seven days, despite a 4.14% pullback within the last 24 hours. While this short-term dip marked a break from the rally, overall sentiment remained aligned with the asset’s broader upward pattern during the week.
Following this movement, attention turned to Ali’s long-term outlook. Muneeb Ali cited Bitcoin’s historical milestones to justify the projection. According to his breakdown, each prior surge followed a similar exponential trajectory.
He outlined three distinct phases, beginning with the leap from $100 to $1,000, continuing to $10,000, and eventually reaching $100,000.
For perspective, in July 2013, Bitcoin was trading at approximately $100, but within just four months, by November 2013, it surged to $1,000, marking a 10x increase. From there, Bitcoin continued its climb more gradually, reaching $10,000 by November 2017, exactly four years later. The growth trend extended further as Bitcoin eventually hit the $100,000 milestone in December 2024.
With the current price at approximately $103,741, the next move would require an 863.9% increase to reach $1 million. However, Ali did not specify the underlying reasons behind his prediction.
Bitcoin Price to $1 Million by April 2031
Notably, monthly projections from Changelly indicate that Bitcoin could cross the $1 million mark as early as April 2031, with minimum, average, and maximum prices steadily increasing throughout the year. In January 2031, the average price is expected at $932,051, rising to $1,027,655 by April and $1,250,732 by November.
Elsewhere, yearly projections by Price Predictions suggest Bitcoin could surpass $1 million by 2033, with the maximum price that year estimated at $1,009,491.22. The outlook shows consistent growth, beginning with a high of $185,416.75 in 2025 and reaching $803,472.60 by 2031.
Analysts and Models Align on $1M Bitcoin Price Target
Ali’s prediction is just one of the many who believe Bitcoin is headed for $1 million. In April, attorney Zack Shapiro from the Bitcoin Policy Institute examined the potential impact of the Bitcoin Act, a bill reintroduced in March. The act proposes that the U.S. government acquire one million BTC—5% of the total supply—over five years.
Shapiro noted that this acquisition plan, funded by gold revaluation, could trigger large-scale market reactions. He stated that such a move might drive Bitcoin to $1 million due to demand pressure and follow-on market effects.
Binance’s CZ Sees $1M This Cycle
Most recently, in May, Binance co-founder and former CEO Changpeng Zhao predictedthat Bitcoin could reach $500,000 to $1 million during the current bull cycle. He made the statement on a RugRadio podcast with Farokh Sarmad.
Zhao had previously made a similar call in February but did not assign a timeline until this appearance.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions.@Lachakari_Crypto is not responsible for any financial losses.
#BTC☀ #BTC走势分析 #Lachakaricrypto #LachakariAnalysis #LACHAKARI
