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.
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.
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
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 predicted that 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 The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
