Muneeb Ali, founder of Bitcoin Layer 2 platform Starks, says it’s inevitable that a further 10x rise will be inevitable.
Although short-term volatility remains, Ali’s predictions are attracting attention due to the historic trajectory of Bitcoin and the continued expansion of market value. His statement arrives during a period of new optimism following a noticeable rise in Bitcoin prices earlier this week.
Bitcoin rises above $104,000 before daily pullback
From May 6th Bitcoin We have registered a rapid upward trend. By May 8, it had moved forward from around $93,000 to over $104,000, showing solid momentum over a short span.
This surge reflects an increase of 1.54% over seven days despite a 4.14% pullback in the last 24 hours. This short-term dip marked a break from the rally, but overall sentiment remained consistent with a broader upward pattern of assets over the course of the week.
This move was followed by attention on Ali’s long-term outlook. Muneeb Ali cited Bitcoin’s historic milestone to justify its predictions. According to his breakdown, each prior surge followed a similar exponential trajectory.
I’ve seen Bitcoin go:
– $100 to $1,000.
– $1,000 to $10,000.
– $10,000 to $100,000.The other is inevitable between 10x and $1,000,000.
-muneb.btc (@muneb) May 8, 2025
He outlined three different phases, starting with a leap from $100 to $1,000, then continued to $10,000, and eventually reached $100,000.
For perspective, in July 2013, Bitcoin was trading for around $100, but by November 2013 it had surged to $1,000 within just four months, marking a 10-fold increase. From there, Bitcoin continued to climb gradually, reaching $10,000 by November 2017, exactly four years later. The growth trend grew even further as Bitcoin finally reached a $100,000 milestone in December 2024.
The current price is around $103,741, and the next move will require an 863.9% increase to reach $1 million. However, Ali did not identify the underlying reason behind his prediction.
By April 2031, the Bitcoin price is $1 million
In particular, monthly forecasts from Changelly show that Bitcoin will already exceed the $1 million mark in April 2031, with lowest, average and maximum prices rising year-round. In January 2031, the average price was $932,051, rising to $1,027,655 by April and $1,250,732 by November.
Bitcoin price forecast
Elsewhere, annual forecasts by price forecasts suggest Bitcoin could exceed $1 million by 2033, with the maximum price estimated for the year at $1,009,491.22. The outlook shows consistent growth, starting at a high of $185,416.75 in 2025 and reaching $803,472.60 by 2031.
Analysts and models are in line with their $1 million Bitcoin price target
Ali’s prediction is just one of many people who believe Bitcoin is heading towards $1 million. In April, lawyer Zach Shapiro of the Bitcoin Policy Institute I looked it up The potential impact of Bitcoin Act, a bill reintroduced in March. The law proposes that the US government acquire 1 million BTC (5% of total supply) over five years.
Shapiro noted that the acquisition plan, funded by a revaluation of gold, could trigger a massive market response. He said such a move could drive Bitcoin to $1 million due to demand pressure and subsequent market influence.
Binance’s CZ is looking at this cycle $1 million
Most recently, in May, Changpeng Zhao, co-founder and former CEO of Binance It was predicted That Bitcoin could reach $500,000 to $1 million during the current Bull Cycle. He made a statement on a ragradio podcast with Farov Salmad.
Zhao had previously made a similar call in February, but he didn’t assign a timeline until this appearance.
