Bitcoin News Today: Trump Family's High-Stakes Crypto Bet as Bitcoin Targets $1M

Eric Trump, a prominent figure in the Trump family and executive vice president of the Trump Organization, has made bold predictions regarding the future price of Bitcoin. At the Wyoming Blockchain Symposium, he described himself as a “bitcoin maxi” and asserted that Bitcoin (BTC) will reach $175,000 by the end of 2025. He further projected that the cryptocurrency could eventually exceed $1 million in value. These forecasts underscore his deepening engagement with the digital asset space and the Trump family’s broader strategic pivot into the crypto industry.

Eric Trump’s involvement in Bitcoin is not limited to public statements. He co-founded American Bitcoin, a company engaged in Bitcoin mining and treasury management, alongside his brother Donald Trump Jr. According to reports from the Financial Times, American Bitcoin is exploring acquisitions of publicly listed companies in Japan and Hong Kong as potential vehicles for stockpiling Bitcoin. This strategy mirrors the approach taken by Michael Saylor’s MicroStrategy and aims to establish American Bitcoin as the world’s most efficient platform for accumulating the cryptocurrency. The company recently reorganized American Data Centers, a Trump-linked entity that absorbed mining hardware from Canadian operator Hut 8. Additionally, American Bitcoin is preparing to go public in the U.S. via a reverse merger with Nasdaq-listed Gryphon Digital Mining.

Eric Trump’s increasing focus on crypto is part of a broader Trump family effort to enter and expand within the digital asset sector. For instance, Trump Media & Technology Group, the parent company of Truth Social, has raised over $2 billion to build a Bitcoin treasury. Meanwhile, U.S. President Donald Trump disclosed $57 million in income from World Liberty Financial, a crypto startup launched in September 2024. These developments highlight how the Trump family is aligning its business interests with the growth trajectory of the crypto market, particularly as Japan and Hong Kong compete to attract digital asset firms.

Japan and Hong Kong are both making regulatory strides to position themselves as crypto-friendly jurisdictions. Japan's Financial Services Agency is expected to approve the first yen-denominated stablecoin as early as this fall. In parallel, Hong Kong has introduced the Stablecoins Ordinance, which requires fiat-referenced stablecoin issuers to obtain a license from the Hong Kong Monetary Authority. These regulatory frameworks are part of a broader effort to create a conducive environment for digital asset firms and underscore the growing importance of Asia in the global crypto ecosystem.

Beyond Bitcoin, the broader crypto market has also seen significant developments in recent months. For example, Ether (ETH) has outperformed Bitcoin in the past month, with strong inflows into spot ETFs and rising corporate treasury allocations, according to JPMorgan. This performance has been attributed to factors such as the potential for staking in ETH ETFs and favorable regulatory signals from the U.S. Securities and Exchange Commission (SEC). Additionally, the introduction of the GENIUS Act in the U.S., which regulates payment stablecoins, has further influenced the market landscape, particularly in relation to institutional adoption and custody dynamics.

The Trump family’s strategic expansion into the crypto space, combined with evolving regulatory frameworks in Asia and the U.S., reflects a broader trend of institutional and corporate alignment with digital assets. As regulatory clarity improves and market infrastructure matures, the digital asset sector is expected to continue attracting capital from traditional financial players and strategic investors alike.

Source:

[1] Bitcoin News: Eric Trump's BTC Price Predictions ... (https://www.coindesk.com/business/2025/08/23/eric-trump-makes-bitcoin-price-predictions-as-he-reportedly-gets-ready-to-visit-metaplanet)

[2] Eric Trump Makes Bitcoin Price Predictions as He Reportedly ... (https://finance.yahoo.com/news/eric-trump-makes-bitcoin-price-173411137.html)

[3] There's 'No Question in the World' Bitcoin Will Be Worth $1M (https://www.coindesk.com/policy/2025/08/20/there-s-no-question-in-the-world-bitcoin-will-be-worth-usd1m-eric-trump)