Eric Trump is the son of Donald Trump, US President and co-founder Bitcoin.BTCABTC, a mining company that specializes in Bitcoins (American Bitcoin), announced on Friday there are no other bitcoin miners. “no question” BTC will reach $1 million within the next few years.
Trump before predicted that BTC would reach $1 million In December 2024, the price of a coin will be $1.25. 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 claimed that Bitcoin adoption is still low despite an increase in demand among financial institutions, wealthy individuals and other Bitcoin enthusiasts. “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 despite slight BTC drop
Gryphon Digital Mining shareholders, an American Bitcoin miner listed on the public market. approved a reverse merger ABTC, in August. The stock will be listed on Nasdaq under the ABTC ticker after the transaction is complete.
Gryphon’s 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.
This deal was made amid a slight correction of almost 13% of Bitcoin’s high-water mark of $124,500 in August.
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 though 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
