'No question Bitcoin hits $1M' — Eric Trump at BTC Asia 2025

Eric Trump, the lad of US president Donald Trump and the co-founder of Bitcoin (BTC) mining steadfast American Bitcoin (ABTC), said connected Friday that determination is “no question” that BTC hits $1 cardinal successful the adjacent respective years.

Trump antecedently predicted that BTC would scope $1 million per coin successful December 2024. Speaking to the assemblage astatine the Bitcoin 2025 Asia league successful Hong Kong, Trump said:

“You've got federation states that are buying the hellhole retired of Bitcoin. You've got Fortune 500 companies that are buying the hellhole retired of Bitcoin. You've got the biggest families, you've got the biggest companies connected Earth that judge successful this integer store of value. Everybody wants Bitcoin. Everybody is buying Bitcoin.

That's an unthinkable thing, and that's wherefore I've ever said that I truly judge successful the adjacent respective years, Bitcoin volition deed $1 million. There's nary question that Bitcoin hits $1 million,” Trump continued.

Eric Trump speaking astatine the Bitcoin Asia 2025 conference. Sources: South China Morning Post, Bitcoin Magazine

Trump said that contempt the accrued request from fiscal institutions and affluent individuals, existent Bitcoin adopters are inactive “early” due to the fact that the immense bulk of marketplace participants person not yet caught connected to integer money and the aboriginal of finance.

Related: Trump household went pro-crypto aft Biden ‘weaponized' banks: WSJ

Gryphon approves merger with American Bitcoin amid flimsy BTC drawdown

Shareholders of Gryphon Digital Mining, a publically listed US-based Bitcoin miner, approved a reverse merger with ABTC successful August, and volition commercialized nether the ABTC ticker erstwhile the woody is completed and the banal is relisted connected the Nasdaq speech successful September.

Gryphon’s banal soared by astir 231% since May 2025, erstwhile the archetypal woody was announced, and roseate by implicit 42% connected Thursday successful anticipation of the merger.

The woody came amid a insignificant correction of astir 13% from Bitcoin’s all-time precocious terms of astir $124,500 connected August 14.

Bitcoin’s terms has present dipped beneath the 50-day exponential moving mean (EMA), a dynamic enactment level, which could bespeak further unit to the downside successful the abbreviated term, adjacent arsenic analysts and manufacture executives are calling for higher semipermanent prices.

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