Eric Trump, co-founder of American Bitcoin (ABTC) and son of the US president, addressed attendees at the Bitcoin Asia 2025 conference in Hong Kong, reaffirming a bullish outlook for Bitcoin’s long-term value. He highlighted growing acquisitions by sovereign wealth funds, Fortune 500 corporations, and major family offices as evidence of accelerating global adoption.
Trump pointed to recent bids from multiple nation-states purchasing Bitcoin reserves, coupled with substantial corporate treasury allocations, as drivers underpinning his forecast. “There is no question that Bitcoin will hit $1 million in the next several years,” he declared, referencing a prior prediction that had been slated for December 2024.
Market observers have noted a broad diversification of asset portfolios into digital stores of value, with ABTC reporting a 231 percent surge in stock price since its merger announcement with Gryphon Digital Mining. Trump emphasized that, despite this momentum, the majority of potential participants have yet to enter the market, indicating significant room for growth.
During his keynote, Trump also addressed short-term price corrections, describing them as healthy consolidations that set the stage for renewed bullish runs. He cited technical analysis metrics, including Bitcoin’s performance relative to its 50-day exponential moving average, suggesting that markets remain in a structurally positive phase.
The conference session concluded with discussions on regulatory developments, mining infrastructure expansions in North America, and the role of renewable energy in sustainable network growth. Attendees underscored the importance of clear legal frameworks to support continued institutional inflows, with many expecting further clarity on ETF approvals and custodial standards in the coming quarters.
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