Bitcoin News Today: Eric Trump Predicts Bitcoin Will Hit $1M As Crypto Projects Take Center Stage

Eric Trump, son of former U.S. President Donald Trump, reiterated his bullish stance on Bitcoin during a speaking engagement at the SALT conference in Jackson Hole, Wyoming. Referring to himself as a “bitcoin maxi,” Trump expressed unwavering confidence in the cryptocurrency’s long-term potential, stating there is “no question in the world” that Bitcoin will eventually reach a value of $1 million per token [1].

During the event, Trump shared personal anecdotes to highlight what he sees as the shortcomings of the current financial system and how Bitcoin and blockchain technology can provide solutions, particularly in streamlining transactions and payment settlements. He also reaffirmed his earlier prediction that Bitcoin will be valued at $175,000 by the end of 2025 [1]. Trump, who co-founded the Bitcoin mining company American Bitcoin earlier this year, mentioned that he now dedicates over 50% of his time to cryptocurrency-related projects [1].

In a strategic move, American Bitcoin merged with Eric and Donald Trump Jr.’s American Data Center in March, and the combined entity is set to go public via a merger with Gryphon Digital Mining (GRYP) on Nasdaq [1]. The Trump brothers hold a 20% stake in the company, while Hut 8, a major Bitcoin miner, owns the remaining 80% [1].

Trump’s remarks came shortly after Coinbase CEO Brian Armstrong made a similar projection about Bitcoin’s future value, further emphasizing the growing mainstream attention the asset is receiving [1].

Eric Trump’s outspoken support for Bitcoin aligns with his increasing involvement in the crypto space. As more high-profile figures and institutions express optimism, the narrative around Bitcoin continues to shift toward long-term adoption and potential as a store of value.

Source: [1] There’s ‘No Question In The World’ Bitcoin Will Be Worth $1M: Eric Trump

(https://www.coindesk.com/policy/2025/08/20/there-s-no-question-in-the-world-bitcoin-will-be-worth-usd1m-eric-trump)