Eric Trump: “No question Bitcoin will hit $1 million” at BTC Asia 2025
Eric Trump, son of U.S. President Donald Trump and co‑founder of Bitcoin mining firm American Bitcoin (ABTC), told attendees at the Bitcoin Asia 2025 conference in Hong Kong that he is confident bitcoin (BTC) will reach $1 million within the next several years. Trump reiterated a prediction he first made in December 2024 and pointed to strong demand from a range of institutional and private buyers as the basis for his outlook.
Speaking to the conference audience, Trump said nation states, Fortune 500 companies, large families and major corporations are all accumulating bitcoin. He described that widespread buying as an “incredible” development and argued it supports his conviction that bitcoin will reach the $1 million mark.
Despite the surge in institutional interest, Trump also said current bitcoin holders remain relatively early adopters, because the majority of market participants have not yet embraced digital money or fully understood the implications for the future of finance.
Separately, shareholders of Gryphon Digital Mining approved a reverse merger with American Bitcoin. Once the transaction is completed and the combined company is relisted on the Nasdaq under the ABTC ticker, Gryphon’s shares will trade as ABTC. Gryphon’s stock has risen sharply since the merger announcement in May 2025, gaining roughly 231% over that period and jumping more than 40% on the day the shareholder vote was reported.
The merger news came amid a modest market pullback: bitcoin corrected by nearly 13% from an all‑time high near $124,500 recorded on August 14. The price has dipped below the 50‑day exponential moving average, a dynamic support level, which could signal additional short‑term pressure even as many analysts and industry executives remain bullish on the cryptocurrency’s long‑term prospects.
