{"id":403579,"date":"2025-08-31T06:33:58","date_gmt":"2025-08-31T01:03:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-going-to-1-million-but-current-holders-still-early-crypto-news\/"},"modified":"2025-08-31T06:47:15","modified_gmt":"2025-08-31T01:17:15","slug":"bitcoin-going-to-1-million-but-current-holders-still-early-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-going-to-1-million-but-current-holders-still-early-crypto-news\/","title":{"rendered":"Bitcoin Going to $1 Million, but Current Holders Still Early &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-43e640e6=\"\">\n<p>Eric Trump, the son of US president Donald Trump and the co-founder of Bitcoin (<a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" title=\"null\">BTC<\/a>) mining firm American Bitcoin (ABTC), said on Friday that there is \u201cno question\u201d that BTC hits $1 million in the next several years.<\/p>\n<p>Trump previously <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/eric-trump-bitcoin-1-million-prediction-scarcity\" title=\"null\">predicted that BTC would reach $1 million<\/a> per coin in December 2024. Speaking to the audience at the Bitcoin 2025 Asia conference in Hong Kong, Trump said:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cYou&#8217;ve got nation states that are buying the hell out of Bitcoin. You&#8217;ve got Fortune 500 companies that are buying the hell out of Bitcoin. You&#8217;ve got the biggest families, you&#8217;ve got the biggest companies on Earth that believe in this digital store of value. Everybody wants Bitcoin. Everybody is buying Bitcoin.<\/p><\/blockquote>\n<p>That&#8217;s an incredible thing, and that&#8217;s why I&#8217;ve always said that I really believe in the next several years, Bitcoin will hit $1 million. There&#8217;s no question that Bitcoin hits $1 million,\u201d Trump continued.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Eric Trump speaking at the Bitcoin Asia  2025 conference. Sources: <\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=jc4lkDeozCQ\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.youtube.com\/watch?v=jc4lkDeozCQ\"><em>South China Morning Post<\/em><\/a><em>, Bitcoin Magazine<\/em><\/figcaption><\/figure>\n<p>Trump said that despite the increased demand from financial institutions and wealthy individuals, current Bitcoin adopters are still \u201cearly\u201d because the vast majority of market participants have <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/only-4-world-population-holds-bitcoin-2025\" title=\"null\">not yet caught on to digital money<\/a> and the future of finance.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/eric-trump-biden-turned-his-family-pro-crypto-after-he-weaponized-banks\" title=\"null\"><em><strong>Trump family went pro-crypto after Biden \u2018weaponized&#8217; banks: WSJ<\/strong><\/em><\/a><\/p>\n<h2>Gryphon approves merger with American Bitcoin amid slight BTC drawdown<\/h2>\n<p>Shareholders of Gryphon Digital Mining, a publicly listed US-based Bitcoin miner, <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/american-bitcoin-reverse-merger-gryphon-nasdaq-abtc\" title=\"null\">approved a reverse merger<\/a> with ABTC in August, and will trade under the ABTC ticker once the deal is completed and the stock is relisted on the Nasdaq exchange in September.<\/p>\n<p>Gryphon\u2019s stock <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/gryphon-stock-soars-september-american-bitcoin-merger\" title=\"null\">soared by about 231%<\/a> since May 2025, when the initial deal was announced, and rose by over 42% on Thursday in anticipation of the merger.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"16915751\"\/><\/p>\n<p>The deal came amid a minor correction of nearly 13% from Bitcoin\u2019s all-time high price of about $124,500 on August 14.<\/p>\n<p>Bitcoin\u2019s price has now dipped below the 50-day exponential moving average (EMA), a dynamic support level, which could indicate further pressure to the downside in the short term, even as analysts and industry executives are calling for higher long-term prices.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/tezos-blockchain-arthur-breitman-calls-bitcoin-funny-internet-money\/\" title=\"null\"><em><strong>Bitcoin is \u2018funny internet money\u2019 during a crisis: Tezos co-founder<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cno question\u201d 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":403581,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-403579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=403579"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403579\/revisions"}],"predecessor-version":[{"id":403582,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403579\/revisions\/403582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/403581"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=403579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=403579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=403579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}