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 agency American Bitcoin (ABTC), mentioned on Friday that there’s “no query” that BTC hits $1 million within the subsequent a number of years.

Trump beforehand predicted that BTC would reach $1 million per coin in December 2024. Talking to the viewers on the Bitcoin 2025 Asia convention in Hong Kong, Trump mentioned:

“You’ve got bought nation states which can be shopping for the hell out of Bitcoin. You’ve got bought Fortune 500 firms which can be shopping for the hell out of Bitcoin. You’ve got bought the most important households, you have bought the most important firms on Earth that imagine on this digital retailer of worth. Everyone needs Bitcoin. Everyone is shopping for Bitcoin.

That is an unimaginable factor, and that is why I’ve all the time mentioned that I actually imagine within the subsequent a number of years, Bitcoin will hit $1 million. There is not any query that Bitcoin hits $1 million,” Trump continued.

Trump mentioned that regardless of the elevated demand from monetary establishments and rich people, present Bitcoin adopters are nonetheless “early” as a result of the overwhelming majority of market contributors have not yet caught on to digital money and the way forward for finance.

Associated: 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 can commerce underneath the ABTC ticker as soon as the deal is accomplished and the inventory is relisted on the Nasdaq alternate in September.

Gryphon’s inventory soared by about 231% since Could 2025, when the preliminary deal was introduced, and rose by over 42% on Thursday in anticipation of the merger.