Bitcoin’s Path to $1 Million: Why Early Investors Still Have the Advantage

Eric Trump, the offspring of US president Donald Trump and the co-creator of Bitcoin (BTC) mining enterprise American Bitcoin (ABTC), asserted on Friday that there is “no doubt” BTC will reach $1 million in the coming years.

Trump earlier forecasted that BTC would achieve $1 million per coin by December 2024. While addressing an audience at the Bitcoin 2025 Asia event in Hong Kong, Trump remarked:

“You’ve got nations that are heavily investing in Bitcoin. You’ve got Fortune 500 firms that are seriously purchasing Bitcoin. You’ve got the largest families and companies on the planet that trust this digital asset. Everyone desires Bitcoin. Everyone is acquiring Bitcoin.

This is truly remarkable, and that’s why I’ve consistently maintained that I genuinely believe Bitcoin will hit $1 million in the next few years. There is no doubt that Bitcoin will hit $1 million,” Trump went on.

Trump mentioned that despite the rising interest from financial entities and affluent individuals, current Bitcoin users are still “early” because the overwhelming majority of market participants have not yet embraced digital currency and the future of finance.

Related: Trump family became pro-crypto after Biden ‘weaponized’ banks: WSJ

Gryphon sanctions merger with American Bitcoin amid slight BTC downturn

Shareholders of Gryphon Digital Mining, a publicly traded US-based Bitcoin miner, approved a reverse merger with ABTC in August, and will operate under the ABTC ticker once the transaction is finalized and the stock is relisted on the Nasdaq in September.

Gryphon’s stock surged by approximately 231% since May 2025, when the initial agreement was revealed, and increased by over 42% on Thursday in expectation of the merger.