Eric Trump, the son of American president Donald Trump and the co-founder of the Bitcoin mining company (BTC), American Bitcoin (ABTC), said on Friday that there was “no question” that BTC reaches $ 1 million in the coming years.
Trump previously predicted that BTC would reach $ 1 million per play in December 2024. Speaking to the audience of the Bitcoin 2025 Asia conference in Hong Kong, Trump said:
“You have nation states that buy the hell of Bitcoin. You have fortune companies 500 that buy the hell of Bitcoin. You have the biggest families, you have the largest companies on land that believe in this digital value store. Everyone wants Bitcoin. Everyone buys Bitcoin.
This is an incredible thing, and that is why I always said that I really believe in the coming years, Bitcoin will reach $ 1 million. There is no doubt that Bitcoin reaches $ 1 million, “said Trump.
Trump said that despite the increased demand for financial institutions and rich individuals, current Bitcoin adopters are still “early” because the vast majority of market players have not yet seized digital money and the future of finance.
In relation: The Trump family became pro-Crypto after the “armed” banks of Biden: WSJ
Gryphon approves merger with American bitcoin in the middle of a slight BTC draw
The shareholders of Gryphon Digital Mining, an American bitcoin minor listed on the stock market, approved an inverted merger with ABTC in August and will be negotiated under the ABTC Ticker once the agreement is completed and that the stock will be dismissed on the Nasdaq stock market in September.
Gryphon’s stock has climbed approximately 231% since May 2025, when the initial agreement was announced and increased by more than 42% Thursday in anticipation of the merger.
The agreement occurred in the midst of a minor correction of almost 13% compared to the high price of all bitcoin times of around $ 124,500 on August 14.
The Bitcoin price has now dropped below the 50 -day exponential mobile average (EMA), a dynamic level of support, which could indicate additional short -term lower pressure, even if analysts and industry leaders call for higher long -term prices.
Review: Bitcoin is `funny internet money ” during a crisis: the co-founder of Tezos