Eric Trump (the son of US President Donald Trump) is a co-founder and the founder of Bitcoin.BTCABTC, a mining company that specializes in Bitcoins (American Bitcoin), announced on Friday there are no other bitcoins. “no question” BTC will reach $1 million within the next few years.
Trump before predicted that BTC would reach $1 million Per coin by December 2024. Trump told the Bitcoin 2025 Asia Conference in Hong Kong:
“You’ve got nation states that are buying the hell out of Bitcoin. You’ve got Fortune 500 companies that are buying the hell out of Bitcoin. You’ve got the biggest families, you’ve got the biggest companies on Earth that believe in this digital store of value. Everybody wants Bitcoin. Everybody is buying Bitcoin.
That’s an incredible thing, and that’s why I’ve always said that I really believe in the next several years, Bitcoin will hit $1 million. There’s no question that Bitcoin hits $1 million,” Trump continued.
Trump stated that current Bitcoin users are still adopting the cryptocurrency despite increased demand by financial institutions. “early” Because the majority of participants in the market have not yet caught on to digital money And the Future of Finance
Related: Trump family went pro-crypto after Biden ‘weaponized’ banks: WSJ
Gryphon merges with American Bitcoin amid slight BTC drop
Gryphon Digital Mining is a Bitcoin mining company based in the US that has been publicly listed. approved a reverse merger ABTC will complete the acquisition in August and trade the shares under the ABTC ticker when the Nasdaq exchange relists the stock in September.
Gryphon stock soared by about 231% Since May 2025 when the original deal was announced. The stock price rose over 42% Thursday, in anticipation of the merger.
It was a deal that came after a small correction by nearly 13% since Bitcoin reached its all-time price high of around $124.500 on August 14th.
Bitcoin’s price is now below the 50 day exponential moving average, a dynamically supported level. This could mean further downward pressure in the near term even while analysts and industry executives call for higher long-term pricing.
Magazine: Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder
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Source: cointelegraph.com
