TLDR
- Bitcoin’s current price stands at $110,000.
- American Bitcoin raised $220 million for expansion.
- 59% of institutional investors allocate 10% to Bitcoin.
Eric Trump, co-founder of American Bitcoin and executive vice president of the Trump Organization, has made notable remarks at the Bitcoin Asia 2025 conference in Hong Kong. He described Bitcoin’s current price of $110,000 as the “deal of the century” and reiterated his forecast that Bitcoin will “definitely” hit $1 million.
Trump cited surging institutional demand and limited supply as driving factors for this prediction. American Bitcoin, a significant mining operation co-founded by Trump, recently raised $220 million and is set for a September Nasdaq listing through a merger with Gryphon.
Institutional Influence and Regulatory Developments
The company’s efforts are part of a broader trend of institutional capital inflows. Recent regulatory clarity through the U.S. CLARITY Act and SEC-approved spot ETFs have opened up $132.5 billion in institutional capital for Bitcoin. Furthermore, 59% of institutional investors are now reported to allocate at least 10% to Bitcoin in their portfolios by Q2 of 2025.
Eric Trump commented on the growing institutional interest, reinforcing Bitcoin’s potential for investment. He stated, “There’s no question bitcoin hits $1 million. Everybody wants Bitcoin. Everybody is buying Bitcoin.” The increased involvement of sovereign wealth funds and corporate treasuries in Bitcoin was also highlighted.
Long-Term Investor Sentiment
On-chain data reveals a strong holding sentiment among long-term investors, as indicated by the 6–12-month UTXO band dominance surpassing 20%. This is comparable to levels last seen around the 2021 peak, establishing a psychological floor for Bitcoin at this price point.
Bitcoin’s current trading near $110,000 is supported by long-term holder activity, suggesting a solid foundation for future growth. Eric Trump’s statements align with the sentiment observed among developers and community members during the conference, which drew over 20,000 attendees.
Mining Operations and Market Dynamics
American Bitcoin’s mining activities are expected to indirectly influence broader mining tokens and infrastructure asset prices. However, there is no direct evidence of changes in TVL, staking flows, or liquidity for DeFi protocols directly linked to this event.
The Trump brothers own approximately 20% of American Bitcoin, with the remainder held by Hut 8. This partnership amplifies the firm’s visibility in the market. Similar bullish forecasts by industry figures, such as those involving MicroStrategy’s Bitcoin accumulation, have historically been followed by increased interest and market inflows.
“I have no doubt in my mind that Bitcoin will hit a million dollars… the greatest asset in the world.”
Eric Trump, Co-founder of American Bitcoin
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