Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin (ABTC), doubled down on his long-standing $1 million Bitcoin forecast during remarks at the Bitcoin 2025 Asia conference in Hong Kong on Friday.
Speaking to a packed audience, Trump said institutional demand and sovereign adoption were creating an unstoppable tide of capital flowing into Bitcoin. “You’ve got nation states that are buying the hell out of Bitcoin. You’ve got Fortune 500 companies, the biggest families, the biggest institutions on Earth all piling in. Everybody wants Bitcoin. Everybody is buying Bitcoin,” he said. “That’s why I’ve always said there’s no question Bitcoin hits $1 million. The only question is when.”
He added that despite record levels of institutional activity, adoption was still in its infancy. “We are still early. The vast majority of market participants don’t understand digital money. They don’t understand Bitcoin’s role as the future of finance. That’s the incredible part — we’re just getting started.”
Trump’s remarks come at a pivotal moment for his own Bitcoin venture. Shareholders of Gryphon Digital Mining, a Nevada-based miner listed on Nasdaq, approved a reverse merger with American Bitcoin in August. Once finalized, the combined company will trade under the ticker “ABTC.” Gryphon’s stock has surged more than 231% since the deal was first announced in May 2025, including a 42% jump last week ahead of the relisting.
The bullish rhetoric coincided with a market pullback. Bitcoin has slipped nearly 13% from its all-time high of about $124,500 on August 14 and is now trading below its 50-day exponential moving average, a widely watched support level. Analysts warn this could invite further short-term downside, though long-term sentiment remains optimistic.
By tying Bitcoin’s trajectory to both sovereign wealth adoption and Wall Street’s growing embrace of crypto, Trump positioned his $1 million forecast less as speculation and more as inevitability.
