Summary:
Eric Trump, co-founder of American Bitcoin (ABTC) and son of former US President Donald Trump, predicts Bitcoin (BTC) will soar to $1 million within the next few years. Speaking at the Bitcoin 2025 Asia conference in Hong Kong, Trump highlighted the growing adoption of BTC by nation-states, Fortune 500 companies, and wealthy individuals. Despite this demand, Trump emphasized that current Bitcoin holders are still early adopters, as global adoption remains low. Meanwhile, Gryphon Digital Mining approved a merger with ABTC, signaling further institutional involvement in cryptocurrency.
What This Means for You:
- Early Adoption Advantage: Investors who hold Bitcoin now are positioned ahead of the curve as global adoption is still in its infancy.
- Institutional Momentum: The merger between Gryphon and ABTC highlights increasing institutional interest, which could drive BTC prices higher.
- Volatility Awareness: Despite optimistic long-term predictions, prepare for short-term price fluctuations as Bitcoin currently trades below its 50-day EMA.
- Future Outlook: Monitor macroeconomic trends and institutional adoption to gauge Bitcoin’s potential to reach the $1 million mark.
Bitcoin Going to $1 Million, but Current Holders Still Early:
Eric Trump, the son of US president Donald Trump and the co-founder of Bitcoin (BTC) mining firm American Bitcoin (ABTC), said on Friday that there is “no question” that BTC hits $1 million in the next several years.
Trump previously predicted that BTC would reach $1 million per coin in December 2024. Speaking to the audience at the Bitcoin 2025 Asia conference in Hong Kong, Trump said:
“You’ve got nation states that are buying the hell out of Bitcoin. You’ve got Fortune 500 companies that are buying the hell out of Bitcoin. You’ve got the biggest families, you’ve got the biggest companies on Earth that believe in this digital store of value. Everybody wants Bitcoin. Everybody is buying Bitcoin.
That’s an incredible thing, and that’s why I’ve always said that I really believe in the next several years, Bitcoin will hit $1 million. There’s no question that Bitcoin hits $1 million,” Trump continued.
Trump said that despite the increased demand from financial institutions and wealthy individuals, current Bitcoin adopters are still “early” because the vast majority of market participants have not yet caught on to digital money and the future of finance.
Related: 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 will trade under the ABTC ticker once the deal is completed and the stock is relisted on the Nasdaq exchange in September.
Gryphon’s stock soared by about 231% since May 2025, when the initial deal was announced, and rose by over 42% on Thursday in anticipation of the merger.
The deal came amid a minor correction of nearly 13% from Bitcoin’s all-time high price of about $124,500 on August 14.
Bitcoin’s price has now dipped below the 50-day exponential moving average (EMA), a dynamic support level, which could indicate further pressure to the downside in the short term, even as analysts and industry executives are calling for higher long-term prices.
Magazine: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder
Extra Information:
Bitcoin Price Prediction $1 Million explores why analysts believe BTC could reach seven figures. Institutional Bitcoin Adoption 2025 discusses the growing role of corporations and governments in cryptocurrency. Bitcoin Halving Impact 2025 explains how the next halving event could influence BTC’s price trajectory.
People Also Ask About:
- Will Bitcoin really hit $1 million? Analysts like Eric Trump believe it’s possible due to increasing adoption and scarcity.
- Is now a good time to buy Bitcoin? Current holders are considered early adopters, but short-term volatility remains a risk.
- What is the impact of institutional adoption on Bitcoin? Institutional involvement drives demand, potentially pushing prices higher.
- How does the Gryphon-ABTC merger affect Bitcoin? The merger signals growing institutional confidence in Bitcoin’s future.
- What is the 50-day EMA for Bitcoin? It’s a key technical indicator; falling below it may suggest short-term price declines.
Expert Opinion:
Eric Trump’s $1 million Bitcoin prediction underscores the transformative potential of cryptocurrency as a global store of value. However, investors should remain cautious of short-term volatility while recognizing the long-term opportunities presented by increasing institutional adoption and limited supply.
Key Terms:
- Bitcoin price prediction $1 million
- Institutional Bitcoin adoption 2025
- Bitcoin mining merger Gryphon ABTC
- Bitcoin 50-day EMA analysis
- Eric Trump Bitcoin conference 2025
- Bitcoin short-term volatility long-term growth
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