Eric Trump, Executive Vice President of the Trump Organization, declared his enthusiastic support for Bitcoin at the Bitcoin Asia conference in August 2025. He boldly predicted that Bitcoin’s value would potentially reach a million dollars due to growing institutional demand and regulatory backing. 20,000 attendees witnessed this bullish sentiment play out as Bitcoin prices surged to $124,000, signaling strong interest from institutions. Eric Trump’s endorsement coincided with American Bitcoin securing $220 million in funding for its upcoming Nasdaq debut via a merger with Gryphon, further bolstering market optimism. This significant event follows a growing trend of prominent figures influencing cryptocurrency valuation. The potential rise of Bitcoin to $1 million hinges on several factors, including institutional demand and anticipated regulatory developments.