Bitcoin News Today: Trump Backs $1M Bitcoin Future as Crypto Infrastructure Rises

Eric Trump, the son of former U.S. President Donald Trump, has intensified his bullish stance on Bitcoin, suggesting it could reach a valuation exceeding $1 million in the future. Speaking at the Wyoming Blockchain Symposium in Jackson Hole, Trump reiterated a previous forecast that the cryptocurrency could hit $175,000 by the end of this year, reinforcing his reputation as a 'Bitcoin Maxi'—a term reserved for those who view Bitcoin as the only significant cryptocurrency [1]. Trump, who now dedicates over half his time to crypto-related projects, emphasized the potential of blockchain technology to resolve inefficiencies in the traditional financial system, including slow transactions [1].

Trump’s comments follow similar optimistic statements from industry leaders, such as Coinbase CEO Brian Armstrong, indicating growing institutional confidence in the asset class. Trump’s personal commitment to the space is further underscored by his involvement in a public offering through the newly formed company American Bitcoin, which merged with Gryphon Digital Mining. The Trump family owns 20% of the firm, while Hut 8, a major Bitcoin miner, holds the remaining 80% [1]. This move marks a notable shift for the Trumps, who are traditionally known for real estate and entertainment ventures.

Among the projects gaining attention is Bitcoin Hyper ($HYPER), a Layer 2 solution designed to enhance Bitcoin’s scalability and functionality. The platform aims to address Bitcoin’s limitations by enabling fast, low-cost transactions and supporting decentralized finance (DeFi), gaming, and NFT applications. Bitcoin Hyper leverages the Solana Virtual Machine (SVM) to provide developers with the tools to build high-performance dApps, while maintaining the security of the Bitcoin mainnet through a decentralized bridge [1].

The project’s unique architecture allows users to transfer Bitcoin between the main chain and the Bitcoin Hyper network seamlessly, with staking rewards currently offering an impressive 100% APY for early holders. These features position Bitcoin Hyper as a promising infrastructure solution for the broader Bitcoin ecosystem, aligning with Trump’s vision for a more accessible and functional crypto economy [1].

As major figures in the financial and crypto worlds continue to express confidence in Bitcoin’s future, market attention is increasingly turning to scalable projects like Bitcoin Hyper. While such predictions remain speculative and should be evaluated carefully by investors, the convergence of institutional support, technological innovation, and high-profile endorsements signals a maturing market. However, as always, investors are encouraged to conduct thorough research before committing to new crypto projects [1].

Source:

[1] The Trump Effect: How a $1M Bitcoin Prediction Shines ... (https://www.mitrade.com/insights/news/live-news/article-3-1058281-20250821)