Eric Trump, co-founder of American Bitcoin (ABTC) and son of the president of the United States, Donald Trump, reaffirmed his outraged position in Bitcoin.
Key control:
- Eric Trump reiterated his Bitcoin prediction of $ 1 million, citing the growing demand of governments and the main institutions.
- Its mining firm, American Bitcoin (ABTC), will be made public through a reverse fusion with Gryphon Digital Mining in September.
- Despite the long -term optimism, Bitcoin has fallen by 13% since its historical maximum and is quoted below the key technical support.
During the Conference of Asia Bitcoin 2025 in Hong Kong on Friday, he said that “there is no doubt” BTC will reach $ 1 million in the coming years.
Trump cites global demand as a fuel for Bitcoin increase
Speaking to a full audience, Trump pointed out the growing demand for governments, the main corporations and rich families as key promoters behind their conviction.
“Everyone wants Bitcoin. Everyone is buying Bitcoin,” he said. “That’s why I have always said that Bitcoin will reach $ 1 million. There is no doubt.”
Trump had previously carried out the same prediction of $ 1 million in December 2024. This time, he emphasized that institutional adoption just begins and current holders are still early.
“The vast majority of people have not yet realized the future of finance,” he said.
His comments come in the midst of an increasing impulse for ABTC, the mining firm that co -founded.
In August, Gryphon Digital Mining shareholders approved an inverse fusion with ABTC. The newly fused entity will begin operating under the ABTC ticket in Nasdaq in September.
Originally revealed in May, the agreement allows American Bitcoin, launched by Donald Trump Jr. and Eric Trump earlier this year, enter public markets without a separate OPI, using Gryphon’s Nasdaq list as a vehicle as a vehicle.
Since the announcement of the merger, Gryphon’s shares have increased more than 230%, including a 42% demonstration on Thursday before the list.
The company is now seen as a direct game in Trump’s growing influence on digital asset space.
American Bitcoin has positioned itself as a pure playing company focused on the accumulation of bitcoins.
It has revealed 215 BTC in holdings, although the data of third parties of Bitcintrease.net suggests that its reservations could approach 1,941 BTC.
Despite optimism, Bitcoin has seen short -term price weakness, which falls almost 13% from its historical maximum of $ 124,500 on August 14.
The asset is now quoted below its 50 -day exponential mobile average, a key technical level often observed by the operators.
Bitcoin of $ 1m in 2026 would point out the economic crisis of the United States
As reported, the Galaxy Digital CEO, Mike Novograph, has retreated the predictions that Bitcoin could reach $ 1 million in the short term, warning that such movement would probably reflect a collapse in the economy of the United States instead of a history of cryptographic success.
“People who encourage Bitcoin’s price of one million dollars next year, I was like, boys, just get there if we are in such a crap at the national level,” Novographic to Natalie Brunell told Natalie Brunell in the Podcast of Coin Stories recently.
“I prefer to have a lower price in Bitcoin in a United States more stable than otherwise.”
Novogratz explained that extreme currency devaluations often feed the demand for alternative safe shelters, and Bitcoin, often called digital gold, becomes a coverage against economic agitation.
However, he warned that such conditions would come at the expense of civil society.
Last month, Glassnode’s main analyst James Check raised concerns about the longevity of the corporate Bitcoin Treasury strategy, arguing that easy profits could already disappear for new participants as the mature market.
The warning echoes recent comments from Matthew Sigel, head of Digital Assets Research in Vaneck, who has expressed concern about Bitcoin’s treasure strategies adopted by some companies that are quoted in the stock exchange.
The post Eric Trump bends: ‘Not a question’ Bitcoin will reach $ 1 million first appeared in Cryptonews.
