Eric Trump Reiterates Bitcoin Could Reach $1 Million as Gryphon Approves Merger With American Bitcoin Amid Price Pullback

• Eric Trump predicts Bitcoin will reach $1 million within years.

• Gryphon Digital Mining approved a reverse merger with American Bitcoin (ABTC); stock rallies ahead of Nasdaq relisting.

• Bitcoin corrected ~13% from its August 14 all-time high of ~$124,500 and dipped below the 50-day EMA.

Bitcoin $1 million prediction: Eric Trump says BTC will reach $1M soon — read market context and merger impact. Stay informed with COINOTAG.

What is the likelihood Bitcoin hits $1 million?

Bitcoin $1 million prediction is a long-term projection supported by increased institutional and sovereign demand, but it relies on sustained adoption, regulatory clarity, and macroeconomic factors. Short-term corrections are likely, yet structural demand from institutions and wealthy holders underpins the bullish thesis.

How realistic is Eric Trump’s $1 million Bitcoin claim?

Eric Trump, co-founder of American Bitcoin (ABTC), told a Hong Kong audience at the Bitcoin 2025 Asia conference that there is “no question” BTC will reach $1 million in the next several years. He pointed to nation states, Fortune 500 companies and prominent families as accelerating buyers of Bitcoin.

Trump previously predicted a $1 million BTC in December 2024; his renewed statement emphasizes broad institutional demand rather than new technical drivers. This view is consistent with on-chain signals showing accumulation by large wallets and increased institutional custody flows (official custody reports and company filings noted by industry observers).

Trump reiterated calls for $1 million Bitcoin but said the vast majority of market participants still don’t understand digital money.

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

Trump previously predicted that BTC would reach $1 million per coin in December 2024. Speaking to the audience at the Bitcoin 2025 Asia conference in Hong Kong, Trump said:

“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.

Eric Trump speaking at the Bitcoin Asia 2025 conference. Sources: South China Morning Post, Bitcoin Magazine

Trump said that despite the increased demand from financial institutions and wealthy individuals, current Bitcoin adopters are still “early” because the vast majority of market participants have not yet caught on to digital money and the future of finance.

Related: Trump family went pro-crypto after Biden ‘weaponized’ banks — Wall Street Journal (plain text reference)

Why did Gryphon approve a merger with American Bitcoin and what does it mean?

Shareholders of Gryphon Digital Mining approved a reverse merger with ABTC in August. Once completed, the combined company will trade under the ABTC ticker and seek relisting on the Nasdaq in September.

Gryphon’s stock rose about 231% since the initial deal announcement in May 2025 and jumped over 42% on Thursday in anticipation of the merger. The merger consolidates mining assets and could improve capital access for ABTC as it pursues scale.

When did Bitcoin pull back and what technical levels matter?

Bitcoin experienced a minor correction of nearly 13% from its all-time high of about $124,500 on August 14. The price has dipped below the 50-day exponential moving average (EMA), a dynamic support level traders watch for short-term momentum.

Falling below the 50-day EMA can indicate near-term selling pressure, but many analysts emphasize that long-term accumulation metrics and institutional inflows remain supportive of higher prices over time.

Frequently Asked Questions

How soon could Bitcoin realistically reach $1 million?

There is no consensus timeline; projections vary. Achieving $1 million would require sustained institutional adoption, limited new supply, and broad global acceptance. Those factors could play out over several years if current adoption trends continue.

Does the Gryphon‑ABTC merger change Bitcoin’s market outlook?

The merger strengthens one miner’s capital structure and could increase operational scale, but it has limited direct impact on Bitcoin’s price. Broader market adoption and macro conditions remain primary drivers.

Key Takeaways

• Price outlook: Institutional and sovereign demand support a bull case for Bitcoin.
• Market structure: Short-term correction and 50-day EMA breach signal volatility.
• Corporate moves: Gryphon’s reverse merger with ABTC highlights consolidation in mining.

Conclusion

Eric Trump’s $1 million prediction reiterates a long-term bullish narrative driven by institutional and sovereign adoption. While short-term technicals show pressure, strategic consolidation in mining and continued accumulation underpin the case for higher long-term prices. For ongoing coverage, follow COINOTAG for updates and analysis.