The price of Bitcoin (BTC) is about to hit its next all-time high (ATH), a sign of strength that led the Bloomberg Terminal, a reference for institutional investors, to adjust its professional service.
The attraction to crypto, especially Bitcoin, continues to grow, with institutional investors as interested as retail ones.
Change in institutional optics, but is hyperbitcoinization the next step?
The Bloomberg Terminal adjusted its scale, now showing Bitcoin in millions. Yesterday (10), one Bitcoin was quoted at 0.112 million, or $112,000.
Bloomberg Terminal has switched its scale to show Bitcoin in Millions
It's currently 0.112M for one Bitcoin pic.twitter.com/m4j2IAv6zk
— Jacquelyn Melinek (@jacqmelinek) July 10, 2025
The Bloomberg Terminal is a premium financial software platform that provides professionals with real-time market data, analytical software, and trading capabilities.
The change in Bloomberg's display represents more than just a user interface (UI) decision. It reflects a world adjusting to Bitcoin's role as a high-value macro asset.
It also indicates a subtle but powerful signal of changing financial perceptions around the world's largest digital asset.
Analysts say this could also mark a turning point in mainstream perception, reinforcing that BTC is no longer 'cheap' or speculative. Instead, it is a scarce and high-value digital property.
"The Bloomberg Terminal showing BTC in millions is not just a UI update – it's a mindset change. Traditional finance is finally accepting what we've always known. The future of money is digital, and Bitcoin has led the way," commented a user.
This interface change coincides with Bitcoin's rise to new all-time highs, from $112,000 to $118,000 within a 24-hour period.
At the time of this report, Bitcoin was trading at $118,535, a nearly 7% increase in the last 24 hours. On the Bloomberg terminal, this means almost 0.118 million per BTC.
Bitcoin (BTC) Price Performance. Source: BeInCrypto
The move, which triggered up to $1.25 billion in record liquidations, generated speculation that the current cycle may enter a hyperbolic phase.
Meanwhile, this price rise occurs amid an increase in on-chain activity and renewed institutional interest. This recalls some of the bolder predictions about where Bitcoin's price may be headed.
Bold predictions for Bitcoin accumulate for 2025 and beyond
Earlier this year, an academic study published by MDPI suggested that Bitcoin could reach $1 million by early 2027, and potentially $5 million by 2031.
New research models show #Bitcoin could hit:
$1M by 2027
$5M by 2031 pic.twitter.com/4e7K7iYK8e
— TFTC (@TFTC21) July 10, 2025
However, this depends on how quickly coins are withdrawn from the net supply. The model predicts a shift from adoption-driven growth to a hyperbolic price action driven by supply.
"At the highest withdrawal level... the price could reach $2 million by the end of 2027," read an excerpt from the article.
Bitcoin Price Over Time with Different Levels of Total Removals from Net Supply. Source: MDPI
The research adds to the market sentiment favoring an aggressive rise. Max Keiser reiterated his long-term prediction of $220,000 by the end of 2025.
$220,000 in 2025 pic.twitter.com/IzduBPm0YG
— Max Keiser (@maxkeiser) July 10, 2025
Meanwhile, Standard Chartered expects BTC to hit $135,000 in the third quarter (Q3) and reach $200,000 in the fourth quarter (Q4).
"My official predictions for Bitcoin are $120,000 by the end of Q2, $200,000 by the end of 2025, and $500,000 by the end of 2028, all on track," Geoff Kendrick, global head of digital asset research at Standard Chartered, told BeInCrypto recently.
Elsewhere, BitMEX co-founder and former CEO Arthur Hayes is even more optimistic, projecting $250,000 by 2025.
However, as reported by BeInCrypto, Hayes' target is contingent on the Federal Reserve (Fed) changing back to quantitative easing (QE).
"If my analysis of the interaction between the Fed, the Treasury, and the banking system is correct, then Bitcoin hit a local low of $76,500 last month, and now we begin the rise to $250,000 by the end of the year," read an excerpt on his blog.
Analysts and economists are increasingly discussing the scenario of quantitative easing as U.S. debt levels rise.
Meanwhile, retail prediction markets are also aligned, with Polymarket bettors currently seeing $120,000 as the most likely outcome for 2025.
This suggests that the rise has room to continue but may face resistance in the short term.
Bitcoin Price Odds in 2025. Source: Polymarket
On-chain activity signals healthy growth?
Network activity is also on the rise. The average daily Bitcoin transactions increased from 340,000 to 364,000 in the last two days, representing a jump of 24,000 or 7%.
According to Axel Adler, an on-chain analyst from CryptoQuant, although the increase is still below the peak of 2023-2024 (530,000-666,000), it signals growing engagement.
Bitcoin Transaction Count. Source: Axel Adler on X
According to Adler, this indicates that investors are not aggressively selling during the rise to take profits. This, he claims, reinforces the technical and fundamental support for higher prices.
"Essentially, investors are calmly reacting to the current growth and there are no signs of active coin selling in the market. This strengthens both the fundamental and technical bullish signal," wrote the on-chain analyst.
Although the current price is still below $120,000, the conversation is already turning to seven-figure valuations.
The Bloomberg display may seem cosmetic, but in a cycle where narratives drive markets and institutional hands are also involved, it may be the psychological bridge needed to normalize what now sounds like excessive hope.
The Bloomberg article displaying the Bitcoin price in millions of dollars was first seen in BeInCrypto Brazil.
