Eric Trump, son of U.S. President Donald Trump and co-founder of mining company American Bitcoin (ABTC), reaffirmed his ultra-bullish stance on Bitcoin, stating that a $1 million valuation is inevitable within the next few years.
Speaking at the Bitcoin 2025 Asia Conference in Hong Kong, Trump emphasized that Bitcoin adoption is accelerating on every front:
“Nation states are accumulating Bitcoin aggressively. Fortune 500 corporations are entering. Some of the wealthiest families and the largest companies on the planet are backing it as a digital store of value. Everyone wants exposure. Everyone is buying. That’s why I’ve been confident for years that Bitcoin will hit $1 million — it’s not a matter of if, but when,” he said.
Trump has made similar calls before, predicting in late 2024 that BTC would break the $1M milestone. Despite Bitcoin’s growing institutional presence, he believes current holders remain “early adopters,” given that the majority of global investors have yet to fully embrace digital assets and the future of money.
Gryphon–ABTC Merger Gets Green Light
Meanwhile, Gryphon Digital Mining, a U.S.-listed Bitcoin mining firm, has officially approved a reverse merger with American Bitcoin. Once finalized in September, the combined entity will relist on Nasdaq under the ticker ABTC.
Investor enthusiasm around the deal has already translated into sharp price gains for Gryphon stock — up 231% since May 2025 when the agreement was first revealed, and surging an additional 42% on Thursday ahead of the merger’s completion.
Market Context
The merger announcement coincides with a 13% pullback in Bitcoin from its August 14 record high of $124,500. BTC has slipped below its 50-day exponential moving average — a technical support level that could suggest more short-term downside pressure.
Still, long-term sentiment from analysts and industry leaders like Trump remains firmly bullish, with many reiterating that the road to higher valuations, potentially $1 million per coin, is only a matter of time.
