Bitcoin Price Prediction: Eric Trump Targets $1M as Amdax Eyes 1% Supply

Bitcoin is currently at $108,410, down 3.1% in the last 24 hours, as traders weigh new macroeconomic developments against long-term ￰0￱ at the Bitcoin Asia Conference in Hong Kong, Eric Trump stated that Bitcoin would reach $1 million, citing two primary reasons: the fixed 21 million supply and increasing institutional demand. NEW: Eric Trump says there is "no question" that Bitcoin will hit $1 million. "Everybody wants Bitcoin, everyone is buying Bitcoin." ￰1￱ — Bitcoin Archive (@BTC_Archive) August 29, 2025 He also mentioned China’s growing role in digital assets, despite the mainland’s retail ban on these ￰2￱ pointed to the development of yuan-backed stablecoins, while Hong Kong has passed a stablecoin bill to solidify its position as a global crypto ￰3￱ another Trump-linked mining venture is going to list on Nasdaq, so he said his family is “all in” on this ￰4￱ Pushes to Secure 1% of Bitcoin Supply Institutional accumulation is also accelerating in ￰5￱ crypto firm Amdax raised $23.3 million to launch its new treasury vehicle, AMBTS, which aims to eventually acquire 210,000 BTC — nearly 1% of Bitcoin’s total ￰6￱ today’s prices, that goal equates to more than $23 billion in Bitcoin ￰7￱ IN: Amdax plans to launch a #Bitcoin treasury company called AMBTS on the Dutch stock ￰8￱ to own atleast 1% of bitcoin supply ￰9￱ — Bitcoin Magazine (@BitcoinMagazine) August 18, 2025 The company plans to expand through additional funding rounds and a potential IPO on Amsterdam’s Euronext ￰10￱ echoes the strategy pioneered by Michael Saylor’s Strategy (formerly MicroStrategy), which turned corporate treasuries into one of Bitcoin’s largest demand ￰11￱ global firms, including Tesla, MercadoLibre, Rumble, Sequans, and Metaplanet, have also expanded their Bitcoin ￰12￱ players enter the market, supply on exchanges gets tighter, price goes ￰13￱ Clears Lawsuit, Strengthens Position 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 ￰14￱ Strategy Investors Drop Lawsuit Over Bitcoin Profitability Promises $BTC $MSTR $STRK $STRF $STRD $STRC — ￰15￱ (@BecauseBitcoin) August 29, 2025 The firm can now focus entirely on expanding its $68 billion Bitcoin treasury, which accounts for more than 3% of the circulating ￰16￱ 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 ￰17￱ Price Prediction – Technical Outlook 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. 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 ￰18￱ 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 $130,000 is in sight once this consolidation is ￰19￱ Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed Bitcoin Hyper ($HYPER) 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 ￰20￱ combining Bitcoin’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp ￰21￱ team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its ￰22￱ is building ￰23￱ presale has already crossed $12.7 million, leaving only a limited allocation still ￰24￱ today’s stage, HYPER tokens are priced at just $0.012825—but that figure will increase as the presale ￰25￱ can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank ￰26￱ Here to Participate in the Presale