Bitcoin Expected to Reach $1 Million, Yet Current Investors Are Still Ahead of the Curve

Eric Trump, the son of US president Donald Trump and the co-founder of Bitcoin (BTC) mining firm American Bitcoin (ABTC), stated on Friday that there is “no question” BTC will reach $1 million in the coming years.

Trump had previously forecasted that BTC would achieve $1 million per coin by December 2024. Speaking at the Bitcoin 2025 Asia conference in Hong Kong, he remarked:

“You’ve got nation states that are heavily investing in Bitcoin. Fortune 500 companies are buying it up. The most significant families and companies on Earth believe in this digital store of value. Everyone wants Bitcoin. Everyone is acquiring Bitcoin.

This is an extraordinary phenomenon, and that’s why I’ve consistently said I truly believe that within the next few years, Bitcoin will hit $1 million. There’s no question that Bitcoin will reach $1 million,” Trump added.

Trump indicated that although there is rising demand from financial institutions and affluent individuals, current Bitcoin users are still “early” to the scene since most market participants have yet to embrace digital currency and the future of finance.

Related: The Trump family embraced crypto after Biden ‘weaponized’ banks: WSJ

Gryphon approves merger with American Bitcoin amid slight BTC downturn

Shareholders of Gryphon Digital Mining, a publicly traded US-based Bitcoin miner, agreed to a reverse merger with ABTC in August and will trade under the ABTC ticker once the transaction is finalized and the stock relisted on the Nasdaq exchange in September.

Gryphon’s stock has surged about 231% since May 2025, when the initial deal was disclosed, and gained over 42% on Thursday in anticipation of the merger.