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Bitcoin returned to the news this week after a height of $ 104,000 a little before declining. The assembly, which began at about 7 May, paid the largest cryptocurrency in the world from $ 93,000 to $ 104,000 by May 9.
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After declining 4 % in the next 24 hours, Bitcoin It still maintains a weekly profit of about 6 %. This short -term procedure now pays larger predictions, including the procedure that Bitcoin is expected to increase 10 times.
The expert says that another 10x jump is inevitable
Munk Ali, brains behind Bitcoin Layer 2 Starks, believes that the next giant leap is imminent. In his opinion, Bitcoin has already taken three distinct steps in the price track: from $ 100 to $ 1,000, then to $ 10,000, then to more than $ 100,000.
I have seen Bitcoin go:
– From 100 dollars to 1000 dollars.
– From 1000 dollars to 10,000 dollars.
– From 10,000 dollars to 100,000 dollars.It is inevitable 10x to 1,000,000 dollars.
– Muneb.btc (Muneb) May 8, 2025
He pointed out how every step took more time but followed a familiar pattern. In 2013, Bitcoin rose from $ 100 to $ 1,000 in four months. Four years later, in 2017, it reached $ 10,000. By December 2024, a brand crossed $ 100,000. Based on this path, Ali said that another 10x leap to a million dollars is not likely to be “inevitable.” However, he did not explain what would already lead this type of height.
The new projection will witness 116 thousand dollars next month
Bitcoin’s latest price by coincodex increases the price by 13 % and reaches $116,600 on June 82025. Technical analysis indicates a positive direction, with the closure of 20 out of 30 days (67 %) in positive. During the same time frame, bitcoin recorded 6.50 % price fluctuations.
Source: Alternative.me
Fear & Greed index is currently in 73, which is greed. Although this prediction does not fully hint to reach a million dollars yet, it checks the idea that there is still space for Bitcoin to rise in the near future.
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The purchase of the US government can accelerate matters
Zac Shapiro, a lawyer for the Bitcoin Policy Institute, believes that Bitcoin has a lot of capabilities – and fast. He studied a bill called Bitcoin, which was re -submitted last March. The draft law suggests that the US government buy 1 million btc Within five years. This represents 5 % of the total offer.
If it is approved, the bill finances the acquisition using profits from the re -evaluation of gold. Shapiro indicated that such a plan would support the demand so high that it pays Bitcoin to one million dollars before expected. It has provided that the draft law acquires momentum and secures the funding it requires.
Distinctive image from Gemini Imagen, the tradingvief chart
