{"id":868877,"date":"2025-08-29T21:13:21","date_gmt":"2025-08-30T02:13:21","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/29\/bitcoin-price-prediction-eric-trump-targets-1m-as-amdax-eyes-1-supply\/"},"modified":"2025-08-29T21:13:21","modified_gmt":"2025-08-30T02:13:21","slug":"bitcoin-price-prediction-eric-trump-targets-1m-as-amdax-eyes-1-supply","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/29\/bitcoin-price-prediction-eric-trump-targets-1m-as-amdax-eyes-1-supply\/","title":{"rendered":"Bitcoin Price Prediction: Eric Trump Targets $1M as Amdax Eyes 1% Supply"},"content":{"rendered":"
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Crypto Writer<\/p>\n

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Arslan Butt<\/p>\n

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Crypto Writer<\/p>\n

\n Arslan Butt <\/span>\n <\/p>\n<\/p><\/div>\n

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About Author<\/p>\n

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

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\"Bitcoin<\/p>

Bitcoin Price Prediction<\/figcaption><\/div>\n

Bitcoin is currently at $108,410, down 3.1% in the last 24 hours, as traders weigh new macroeconomic developments against long-term predictions. Speaking at the Bitcoin Asia Conference in Hong Kong, Eric Trump stated<\/a> that Bitcoin would reach $1 million, citing two primary reasons: the fixed 21 million supply and increasing institutional demand.<\/p>\n

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NEW: ???????? Eric Trump says there is “no question” that Bitcoin will hit $1 million. <\/p>\n

“Everybody wants Bitcoin, everyone is buying Bitcoin.” pic.twitter.com\/oVCdVEUdG4<\/a><\/p>\n<\/div>\n

\u2014 Bitcoin Archive (@BTC_Archive) August 29, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

He also mentioned China\u2019s growing role in digital assets, despite the mainland\u2019s retail ban on these assets. He pointed to the development of yuan-backed stablecoins, while Hong Kong has passed a stablecoin bill to solidify its position as a global crypto hub. <\/p>\n

And another Trump-linked mining venture is going to list on Nasdaq, so he said his family is \u201call in\u201d on this community.<\/p>\n

Amdax Pushes to Secure 1% of Bitcoin Supply<\/span><\/h2>\n

Institutional accumulation is also accelerating in Europe. Dutch crypto firm Amdax raised $23.3 million to launch its new treasury vehicle, AMBTS, which aims to eventually acquire 210,000 BTC \u2014 nearly 1% of Bitcoin\u2019s total supply<\/a>. At today\u2019s prices, that goal equates to more than $23 billion in Bitcoin holdings.<\/p>\n

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The company plans to expand through additional funding rounds and a potential IPO on Amsterdam\u2019s Euronext exchange. This echoes the strategy pioneered by Michael Saylor\u2019s Strategy (formerly MicroStrategy), which turned corporate treasuries into one of Bitcoin\u2019s largest demand engines.<\/p>\n

Other global firms, including Tesla, MercadoLibre, Rumble, Sequans, and Metaplanet, have also expanded their Bitcoin purchases. More players enter the market, supply on exchanges gets tighter, price goes up.<\/p>\n

Strategy Clears Lawsuit, Strengthens Position<\/span><\/h2>\n

Strategy, the largest corporate Bitcoin holder, wins a legal battle. A lawsuit accusing the company of misrepresenting investors about new fair-value accounting rules was dismissed with prejudice, removing a big overhang.<\/p>\n

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The firm can now focus entirely on expanding its $68 billion Bitcoin treasury, which accounts for more than 3% of the circulating supply. Analysts view this as a significant confidence booster for the company and the market as a whole, as it removes a layer of legal uncertainty that has been weighing on sentiment this year.<\/p>\n

Bitcoin Price Prediction \u2013 Technical Outlook<\/span><\/h2>\n

Technically, Bitcoin is still in a descending channel since mid-August, with support at $108,400 and resistance at $111,000. The RSI sits around 30, brushing oversold territory, while the MACD histogram remains negative, confirming that bears still have the upper hand.<\/p>\n

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A breakout above $111,000 could flip momentum, paving the way toward $113,650 and $116,850, with the next target at $120,250. On the other hand, failing to hold $107,800 risks deeper losses, potentially reaching $105,150 and $101,500 at the channel floor.<\/p>\n

For traders, the play is simple: bullish above $111,000, bearish below $107,800. Long-term institutional demand and corporate treasuries will keep Bitcoin as digital gold, so $130,000 is in sight once this consolidation is over.<\/p>\n

Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed<\/span><\/h2>\n

Bitcoin Hyper ($HYPER)<\/a> is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the Bitcoin ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation.<\/p>\n

By combining Bitcoin\u2019s unmatched security with Solana\u2019s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development.<\/p>\n

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The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations.<\/p>\n

Momentum is building quickly. The presale has already crossed $12.7 million, leaving only a limited allocation still available. At today\u2019s stage, HYPER tokens are priced at just $0.012825\u2014but that figure will increase as the presale progresses.<\/p>\n

You can buy HYPER tokens on the official Bitcoin Hyper website<\/a> using crypto or a bank card.<\/p>\n

Click Here to Participate in the Presale<\/a><\/p>\n

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\n Sharie Kazmierczak<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto Writer Arslan Butt Crypto Writer Arslan Butt About Author Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis… Last updated:\u00a0 August 29, 2025 Bitcoin Price Prediction Bitcoin is currently at $108,410, down 3.1% in the last<\/p>\n","protected":false},"author":1,"featured_media":868878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[],"class_list":["post-868877","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/868877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=868877"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/868877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/868878"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=868877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=868877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=868877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}