Eric Trump, co-founder of American Bitcoin (ABTC) and son of U.S. President Donald Trump, reaffirmed his bullish stance on Bitcoin during the Bitcoin Asia 2025 conference in Hong Kong. He declared there is “no question” Bitcoin will reach $1 million per coin within the next several years.
Key Reasons Behind the $1M Prediction
Trump highlighted strong institutional and global adoption as the main driver:
- Nation-states are accumulating Bitcoin aggressively.
- Fortune 500 companies and major family offices are investing heavily.
- Bitcoin is increasingly viewed as a digital store of value, attracting both corporations and individual investors.
“We Are Still Early”
Despite Bitcoin surpassing $109,000 at the time of the conference, Trump believes most of the world has yet to understand digital money and its potential as the future of finance.
ABTC Merger with Gryphon Digital Mining
- Gryphon Digital Mining shareholders approved a reverse merger with American Bitcoin (ABTC).
- The combined entity will trade under the ABTC ticker on Nasdaq in September 2025.
- Gryphon’s stock jumped 231% since May when the deal was announced and rose 42% on Thursday in anticipation of completion.
Bitcoin Price Outlook
- Bitcoin recently hit an all-time high of $124,500 on August 14, but has since corrected by 13%.
- The price has fallen below the 50-day EMA, signaling possible short-term pressure, but long-term projections remain extremely bullish.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.