Eric Trump, the son of US president Donald Trump and the co-founder of Bitcoin (BTC) mining agency American Bitcoin (ABTC), stated on Friday that there’s “no query” that BTC hits $1 million within the subsequent a number of years.
Trump beforehand predicted that BTC would attain $1 million per coin in December 2024. Speaking to the viewers on the Bitcoin 2025 Asia convention in Hong Kong, Trump stated:
“You’ve obtained nation states which can be shopping for the hell out of Bitcoin. You’ve obtained Fortune 500 corporations which can be shopping for the hell out of Bitcoin. You’ve obtained the most important households, you’ve got obtained the most important corporations on Earth that imagine on this digital retailer of worth. Everybody needs Bitcoin. Everybody is shopping for Bitcoin.
That’s an unimaginable factor, and that is why I’ve all the time stated that I actually imagine within the subsequent a number of years, Bitcoin will hit $1 million. There’s no query that Bitcoin hits $1 million,” Trump continued.
Trump stated that regardless of the elevated demand from monetary establishments and rich people, present Bitcoin adopters are nonetheless “early” as a result of the overwhelming majority of market contributors have not but caught on to digital cash and the way forward for finance.
Related: Trump household went pro-crypto after Biden ‘weaponized’ banks: WSJ
Gryphon approves merger with American Bitcoin amid slight BTC drawdown
Shareholders of Gryphon Digital Mining, a publicly listed US-based Bitcoin miner, permitted a reverse merger with ABTC in August, and can commerce underneath the ABTC ticker as soon as the deal is accomplished and the inventory is relisted on the Nasdaq trade in September.
Gryphon’s inventory soared by about 231% since May 2025, when the preliminary deal was introduced, and rose by over 42% on Thursday in anticipation of the merger.
The deal got here amid a minor correction of almost 13% from Bitcoin’s all-time excessive worth of about $124,500 on August 14.
Bitcoin’s worth has now dipped under the 50-day exponential shifting common (EMA), a dynamic help stage, which may point out additional strain to the draw back within the quick time period, at the same time as analysts and trade executives are calling for greater long-term costs.
Magazine: Bitcoin is ‘humorous web cash’ throughout a disaster: Tezos co-founder
