The cryptocurrency market is buzzing again as both high-profile figures and major financial institutions double down on Bitcoin’s long-term potential. At the Bitcoin Asia Conference in Hong Kong, Eric Trump made headlines by declaring Bitcoin will hit $1 million per coin. Meanwhile, Dutch asset manager Amdax has announced plans to acquire nearly 1% of Bitcoin’s total supply, signaling how seriously institutions are treating the asset. Together, these moves are reshaping the conversation around Bitcoin price predictions.
Eric Trump’s $1 Million Vision
Eric Trump’s bold forecast rests on two key drivers: Bitcoin’s fixed supply of 21 million coins and rising institutional demand. He argued that as more capital flows into Bitcoin, scarcity will inevitably push its price much higher.
In his words, “there’s no question—Bitcoin takes $1 million.” While such confidence may sound extreme, it echoes the long-held “digital gold” narrative within the crypto community. Scarcity, combined with growing adoption, has historically proven to be one of Bitcoin’s strongest catalysts.
Market Snapshot: Caution Amid Optimism
Despite the bullish sentiment, short-term technicals show a more cautious picture. Bitcoin surged to a record high above $124,000 in mid-August, before retracing to around $110,500. Year-to-date, it remains up nearly 18% in 2025, but the pullback highlights lingering volatility.
Charts reveal Bitcoin is trading within a descending price channel, with support near $108,400 and resistance around $111,000. The Relative Strength Index (RSI) is approaching oversold territory, while the MACD histogram remains negative—suggesting sellers are still active. This means that while long-term predictions are bullish, traders should remain cautious in the short run.
Amdax Targets 1% of Supply
While Trump’s comments stirred excitement, Amdax is taking tangible action. The firm raised $23.3 million to launch its Amdax Bitcoin Treasury Strategy (AMBTS) fund, which aims to purchase 210,000 BTC—just under 1% of Bitcoin’s capped supply.
Such a move could significantly impact liquidity. With fewer coins circulating in the market, institutional accumulation has the potential to drive up prices over time. For Amdax, Bitcoin is no longer a speculative play but a strategic treasury reserve asset, further legitimizing it as a serious financial instrument.
Why This Matters
The developments highlight three important trends:
- Scarcity matters: A fixed supply means demand shocks can create exponential price moves.
- Institutional validation: Amdax’s bid shows Bitcoin is being treated as a long-term store of value.
- High-profile endorsements: Eric Trump’s forecast draws mainstream attention and encourages adoption.
Together, these factors strengthen the long-term bullish case for Bitcoin, even if the path is marked by short-term volatility.
Final Thoughts & Disclaimer
The Bitcoin Price Prediction: Eric Trump Targets $1M as Amdax Eyes 1% Supply narrative captures the growing divide between short-term market noise and long-term optimism. Eric Trump’s million-dollar vision may seem ambitious, but combined with institutional accumulation strategies like Amdax’s, it highlights Bitcoin’s potential to reshape global finance.
Still, risks remain. Bitcoin is volatile, and predictions should be viewed with caution. This article is for informational purposes only and not financial advice. Investors should always conduct independent research and invest responsibly.
