Bitcoin on Track for $1 Million, Yet Current Investors Are Still Ahead of the Curve

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

Previously, Trump had predicted that BTC would hit $1 million per coin by December 2024. During his address at the Bitcoin 2025 Asia conference in Hong Kong, he remarked:

“There are nation states heavily investing in Bitcoin. Fortune 500 companies are aggressively purchasing Bitcoin. Some of the largest families and companies in the world have faith in this digital store of value. Everybody wants Bitcoin. Everybody is buying Bitcoin.”

He continued, “This is truly remarkable, and that’s why I firmly believe that within the next few years, Bitcoin will achieve $1 million. There’s no doubt that Bitcoin will hit $1 million.”

Trump indicated that despite rising interest from financial institutions and affluent individuals, current Bitcoin users are still “early” adopters since the majority of market participants have yet to embrace digital currency and the future of finance.

Related: Trump family embraced crypto following Biden ‘weaponizing’ banks: WSJ

Gryphon greenlights merger with American Bitcoin amid slight BTC decline

In August, shareholders of Gryphon Digital Mining, a publicly traded US-based Bitcoin miner, approved a reverse merger with ABTC, which will trade under the ABTC ticker after the deal’s completion and Nasdaq relisting in September.

Since the initial announcement of the deal in May 2025, Gryphon’s shares have surged approximately 231%, and saw a further increase of over 42% on Thursday leading up to the merger.