Bitcoin, currently trading around $110,000, has attracted significant attention from investors and industry figures alike. Notably, Eric Trump, co-founder of American Bitcoin and executive vice president of the Trump Organization, made remarks at the Bitcoin Asia 2025 conference in Hong Kong, predicting its price will reach $1 million. Trump cites surging institutional demand for Bitcoin, coupled with limited supply, as drivers behind this prediction. American Bitcoin, a prominent mining operation co-founded by Trump and set for a Nasdaq listing through a merger with Gryphon, recently raised $220 million, further strengthening their presence in the market. 59% of institutional investors have allocated at least 10% to Bitcoin in their portfolios, according to recent data, reflecting a growing trend in investment from this sector. The company’s efforts are part of a broader shift towards institutional capital inflows for Bitcoin. Recent regulatory clarity through the U.S. CLARITY Act and SEC-approved spot ETFs have opened up $132.5 billion in capital for Bitcoin, further fueling investor confidence. The article also highlights long-term investor sentiment, evident by on-chain data showing 6–12-month UTXO band dominance exceeding 20%. This reinforces a psychological floor for Bitcoin at its current price point. Bitcoin’s journey to $1 million is backed not only by strong institutional engagement and existing market dynamics but also a growing sense of community confidence as evidenced in the attendance figures from the recent conference which drew over 20,000 attendees.