Discussions around Bitcoin reaching million-dollar valuations are becoming more predominant, and even the Bloomberg Terminal is redressing its price scale to align with this.
For context, Bloomberg Terminal is an institution-grade system that provides real-time financial data and analytical tools for professional market users. Interestingly, the industry-standard financial tool appears to be super bullish on Bitcoin’s price, as seen in its recent price scaling.
Jacquelyn Melinek, the founder of Token Relations, highlighted that the Bloomberg Terminal now scales Bitcoin’s price in millions. To some, this may mean nothing, but to so many others like her, its meaning goes beyond just a scaling switch.
Bitcoin to Millions?
Notably, Bitcoin broke a new all-time high of $118,404 today, hitting new highs for the third consecutive day now. On other platforms like TradingView, it trades at $118,090 at the time of writing. But on the Bloomberg Terminal, Bitcoin’s spot price (XBT) is trading at $0.118M.
This does not go without notice, as it brings the vibes of a million-dollar valuation for Bitcoin to life. Furthermore, it not only highlights a tone switch from skepticism to belief but also brings to the notice of institutions using the platform that Bitcoin could attain the price level in the future.
Notably, this scale switch has excited the cryptocurrency community. “Bloomberg knows precisely what’s coming sooner,” a user stated. Others also shared that it is a sign, and the million-dollar valuation is inevitable.
This bullish perspective also aligns with the perspective of industry leaders, who have reacted to Bitcoin’s persistent price upsurge. For context, Binance’s Changpeng Zhao called the current price a dip, suggesting that prices have further unprecedented prices to conquer.
If you "missed" the previous dips, there will be dips in the future too. And we are still in one now.
There are no limits to mathematical numbers or fiat printing, only limited number of bitcoins. https://t.co/P13m3r4GoG
— CZ 🔶 BNB (@cz_binance) July 11, 2025
He noted that mathematical numbers have no limit, and governments would continue to print fiat. On the other hand, Bitcoin has a limited cap, a premise for more upside.
Timeline for Bitcoin to Reach $1M
Bitcoin to $1 million is a common price expectation among most market users. Analysts and enthusiasts have drummed this target so much that it no longer rings a bell. Nonetheless, the 746% price mark from the current standing will be a notable milestone for the pioneering cryptocurrency, once perceived as a bubble.
Top market participants have predicted the timeline for Bitcoin to reach $1 million. For instance, Zhao projected that BTC will attain the price mark this cycle. He noted that an extended bull cycle would ensure Bitcoin hits between $500,000 and $1 million.
Brandon Green also shares a similar sentiment, suggesting the bull cycle would extend to 2026 or 2027. During this market phase, he predicted that Bitcoin would reach $1 million, specifically in late 2026 or early 2027.
Meanwhile, Rich Dad Poor Dad author Robert Kiyosaki predicted that Bitcoin would hit $1 million by 2030. In view of this price explosion, he had incessantly advocated exposure to Bitcoin.
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.
