Eric Trump, the son of US president Donald Trump and the co-founder of Bitcoin (BTC) mining agency American Bitcoin (ABTC), mentioned 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 reach $1 million per coin in December 2024. Chatting with the viewers on the Bitcoin 2025 Asia convention in Hong Kong, Trump mentioned:
“You have obtained nation states which might be shopping for the hell out of Bitcoin. You have obtained Fortune 500 firms which might be shopping for the hell out of Bitcoin. You have obtained the most important households, you have obtained the most important firms on Earth that imagine on this digital retailer of worth. Everyone needs Bitcoin. Everyone is shopping for Bitcoin.
That is an unbelievable factor, and that is why I’ve at all times mentioned that I actually imagine within the subsequent a number of years, Bitcoin will hit $1 million. There is no query that Bitcoin hits $1 million,” Trump continued.
Trump mentioned 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 individuals have not yet caught on to digital money and the way forward for finance.
Associated: Trump family 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, approved a reverse merger with ABTC in August, and can commerce beneath the ABTC ticker as soon as the deal is accomplished and the inventory is relisted on the Nasdaq alternate in September.
Gryphon’s inventory soared by about 231% since Might 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 beneath the 50-day exponential transferring common (EMA), a dynamic help degree, which may point out additional strain to the draw back within the quick time period, whilst analysts and trade executives are calling for increased long-term costs.
Journal: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder
