The Bloomberg Terminal has begun displaying Bitcoin’s price in millions, suggesting that the premier financial data platform anticipates the cryptocurrency reaching the $1 million milestone. Jacquelyn Melinek, founder of Token Relations, drew attention to this scaling adjustment on the Bloomberg Terminal, which now shows Bitcoin’s spot price (XBT) at $0.118M, corresponding to the $118,000 level the asset achieved on July 10. Source: @jacqmelinek on X Following this adjustment, Bitcoin has shattered multiple resistance levels , initially breaching the significant $120,000 threshold before establishing a new all-time high of $123,000 the following day. These developments have reignited the debates about whether Wall Street is positioning itself for a massive bull market cycle. Wall Street Veterans Eye Seven-Figure Bitcoin Targets In May, while Bitcoin consolidated around $103,000, Ark Invest CEO Cathie Wood informed CNBC that Bitcoin is destined for “$1.5 million” due to its increasing market share capture from gold. BREAKING: CATHIE WOOD JUST TOLD CNBC THAT #BITCOIN IS HEADED TO "$1.5 MILLION" BECAUSE IT'S TAKING MARKET SHARE FROM GOLD "INSTITUTIONS ARE JUST TESTING THE WATERS." BULLISH pic.twitter.com/TaWVNvnpPp — The Bitcoin Historian (@pete_rizzo_) May 9, 2025 Wood emphasized that Wall Street institutions are currently in an exploratory phase, testing the market waters before committing larger capital allocations. Since her statement, Bitcoin has added $20,000 to its valuation, enabling it to surpass Amazon as the world’s fifth most valuable asset , trailing only Apple, Microsoft, Nvidia, and gold. This performance has convinced numerous investors and billionaires that Bloomberg’s million-scale formatting for Bitcoin will eventually display a value of $1 million. Bitcoin Price Technical Analysis – Where is BTC Heading Next? Bitcoin (BTC) is holding strong near $117,000 after a powerful breakout, with momentum still favoring the bulls. If current support around $115,000 holds, BTC could be gearing up for another leg higher toward $123,000 and potentially $125,000 in the short term. The recent dip has helped reset the RSI from overbought levels, creating room for another push up. With bullish structure still intact and volume remaining elevated, Bitcoin looks primed for continuation. As long as the price stays within the current rising channel, the path of least resistance remains upward in what could be the start of a larger rally. New Layer-2 Opportunity Gaining Steam as Bitcoin Rallies As Bitcoin continues to climb, many investors are starting to look beyond BTC and into presales, which can far outperform well-established coins. One standout is Bitcoin Hyper (HYPER) — a new Bitcoin-based project that’s picking up major traction. Built to make Bitcoin faster and more useful, HYPER has already raised over $2.8 million in its ongoing presale, and interest is growing fast. For those looking to get in early on the next big thing, HYPER is shaping up to be a strong contender. Smart investors and retail traders alike are starting to take notice, with many calling HYPER one of the most promising early-stage projects right now. Those looking to get involved can join the presale at the current price of $0.012275 through the official Bitcoin Hyper website . More updates and community info are also available on Bitcoin Hyper’s X and Telegram channels . The post Bitcoin Price Prediction: Bloomberg Now Shows BTC in Millions – Is Wall Street Preparing for a Massive Bull Market? appeared first on Cryptonews .
