"There is no doubt that Bitcoin will reach 1 million USD" – Eric Trump stated at BTC Asia

Eric Trump, the son of American President Donald Trump and co-founder of the Bitcoin mining company American Bitcoin (ABTC), stated on Friday that “there is no doubt” that BTC will reach 1 million USD in the coming years.

Previously, Trump predicted that BTC would reach 1 million USD per coin by December 2024. Speaking at the Bitcoin 2025 Asia conference in Hong Kong, he said:

Countries are buying Bitcoin aggressively. Fortune 500 companies are also buying a lot of Bitcoin. The largest families, the largest companies on Earth all believe in this digital store of value. Everyone wants Bitcoin. Everyone is buying Bitcoin.

“That is an extraordinary thing, and that is why I always say that I truly believe that in the coming years, Bitcoin will reach 1 million USD. There is no doubt about it, Bitcoin will hit 1 million USD,” Trump continued.

Trump stated that although the demand from financial institutions and wealthy individuals is increasing, those who are currently accepting Bitcoin are still “early” because the vast majority of market participants have not yet grasped digital currency and the future of finance.

Gryphon approves merger with American Bitcoin amid slight BTC decline

Shareholders of Gryphon Digital Mining, a publicly traded Bitcoin mining company based in America, approved a reverse merger with ABTC in August and will trade under the ticker symbol ABTC once the deal is completed and the stock is relisted on the Nasdaq exchange in September.

Gryphon's stock has surged about 231% since May 2025, when the initial deal was announced, and increased over 42% on Thursday ahead of the merger predictions.

The agreement takes place against the backdrop of a slight adjustment in Bitcoin's price of nearly 13% from the all-time high of around 124,500 USD on August 14.

The price of Bitcoin has now fallen below the 50-day exponential moving average (EMA), a dynamic support level, which may indicate further downward pressure in the short term, even as analysts and industry executives are calling for higher prices in the long term.

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