The son of U.S. President Donald Trump, Eric Trump, confirmed his previous prediction that the value of Bitcoin will reach $1 million in the coming years. Speaking at the Bitcoin 2025 Asia conference in Hong Kong, he stated that there is 'no doubt' about it.
Everyone needs $BTC
Eric Trump, who is also a co-founder of the mining company American Bitcoin (ABTC), claims that the demand for Bitcoin is incredibly high:
States are buying it up.
Companies from the Fortune 500 list are actively investing.
The largest global families and corporations believe in this 'digital store of value'.
It seems the whole world is already in on it, but Trump reassures those who haven't had a chance yet, stating that today's Bitcoin holders are still 'early investors'. He believes that most people simply do not yet understand the essence of digital money and its future. Well, at least we haven't missed the party.
Family business and a bit about the market
By the way, Trump's company (ABTC) is currently in the process of merging with another major mining company, Gryphon Digital Mining. Gryphon's shares soared by 231% after the announcement of the deal, which apparently only adds confidence to their cryptocurrency ambitions.
This news comes amid a slight downturn in the market: Bitcoin has corrected nearly 13% from its all-time high of $124,500 reached on August 14. The current BTC price has dropped below the 50-day exponential moving average (EMA), which analysts believe may hint at further declines in the short term. But, judging by Eric Trump's words, these are just temporary difficulties on the way to the coveted million.
