Eric Trump, co-founder of American Bitcoin (ABTC), predicts BTC will hit $1 million in the next few years. He believes increasing demand from nation states, Fortune 500 companies, and wealthy individuals will drive the price. Despite this, he says most market participants are still early in adopting digital money.
Gryphon Digital Mining shareholders approve a reverse merger with ABTC, trading under the ABTC ticker on Nasdaq in September. Gryphon’s stock has surged by 231% since May and rose over 42% in anticipation of the merger. This comes amid a 13% correction from Bitcoin’s all-time high and a dip below the 50-day EMA.
Read more at Cointelegraph: Bitcoin Going to $1 Million, but Current Holders Still Early