Eric Trump Makes $1 Million Bitcoin Call in Hong Kong | US Crypto News
Welcome to the US Crypto Information Morning Briefing—your important rundown of crucial developments in crypto for the day forward.
Seize a espresso as a result of in the present day’s crypto story ties collectively politics, markets, and daring predictions. From Eric Trump’s $1 million Bitcoin (BTC) forecast in Hong Kong to looming US Treasury refinancing pressures, the following few weeks might outline the narrative for digital property.
Crypto Information of the Day: Eric Trump Predicts $1 Million Bitcoin at Hong Kong Convention
Eric Trump has doubled down on the Trump household’s rising affect in crypto. Talking in Hong Kong on the Metaplanet occasion on Friday, he instructed the viewers that Bitcoin will finally hit a $1 million valuation.
Throughout Bitcoin Asia 2025, Trump positioned himself past a supporter as a deeply embedded determine within the digital asset ecosystem.
He revealed that 90% of his time is now spent with the crypto neighborhood, reflecting a major pivot from actual property and conventional enterprise pursuits.
“I actually consider within the subsequent a number of years, Bitcoin hits one million {dollars}. There’s no query,” Trump said.
The looks marked the primary for the Trump brothers at Asia-focused crypto occasions.
Within the coming months, each Eric and Donald Trump Jr. are scheduled to seem at main trade gatherings in South Korea and Singapore.
It indicators a world enlargement of what has been dubbed the Trump family crypto empire.
Throughout his panel, Eric Trump praised Simon Gerovich, CEO of Metaplanet.
As indicated in a current US Crypto News publication, the Japanese Bitcoin treasury firm has turn into certainly one of Asia’s most seen company BTC holders.
Earlier this 12 months, Eric Trump joined Metaplanet’s board of advisors, cementing his ties to Asia’s fast-growing institutional Bitcoin adoption.
Treasury Liquidity Crunch Might Form Bitcoin’s September
Whereas Eric Trump’s million-dollar Bitcoin name grabbed headlines in Hong Kong, merchants are eyeing a extra rapid catalyst.
A current US Crypto News publication additionally reported September’s $2.35 trillion US Treasury refinancing cycle.
Macro analyst Rob Jones, who has been monitoring month-to-month refinancing patterns, stated the sheer scale of September’s rollover makes it an “excessive occasion.”
He expects the strain to create a predictable rhythm for Bitcoin, starting with weak point in early September.
“We usually see a drawdown within the first week of the month when refinancing peaks, often round days 4–5,” Jones noted.
For September, he tasks a 6–8% BTC dip, adopted by a restoration rally as soon as Treasury auctions stabilize.
Jones argues that the secret is the liquidity injection that follows as soon as refinancing is absorbed.
Based mostly on historic patterns in 2025, Bitcoin has tended to bounce again sharply, with Jones forecasting an 11–12% rally from September’s low.
Whereas Bitcoin has remained rangebound since Could, high-beta tokens have outperformed. Jones means that the volatility in these altcoins will doubtless overshoot BTC’s anticipated strikes, providing merchants outsized alternatives.
“The maths works out. In the event you drop 6% then up 12%, you’re not flat—you’re truly about 5% greater,” he defined.
For now, merchants are bracing for the early-September dip, with positioning methods already shifting towards capturing the aid rally.
In Jones’ view, the Treasury’s pivot to short-term debt has hardwired these month-to-month stress factors, turning once-rare liquidity crunches into a brand new market regular — and making Bitcoin’s September cycle probably the most intently watched setups of the 12 months.
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Right here’s a abstract of extra US crypto information to comply with in the present day:
- Shark Tank star Kevin O’Leary expands to Bitcoin ETF.
- CoinShares’ profits soar on Bitcoin and Ethereum gains, US IPO on horizon.
- American Bitcoin’s Nasdaq Debut: Breaking down the listing, strategy, and the Trump factor.
- Merchants annoyed as Binance futures face temporary downtime.
- Is Bitcoin’s bull run nearing the end? Analysts level to October because the doable peak.
- Japan auto parts maker invests in a US stablecoin firm, fueling inventory worth beneficial properties.
- Miners selling accelerates as macroeconomic issues escalate.
Crypto Equities Pre-Market Overview
| Firm | On the Shut of August 28 | Pre-Market Overview |
| Technique (MSTR) | $338.84 | $333.27 (-1.64%) |
| Technique (MSTR) | $308.47 | $305.09 (-1.10%) |
| Galaxy Digital Holdings (GLXY) | $24.51 | $24.20 (-1.27%) |
| MARA Holdings (MARA) | $15.96 | $15.67 (-1.81%) |
| Riot Platforms (RIOT) | $13.80 | $13.57 (-1.67%) |
| Core Scientific (CORZ) | $14.35 | $14.39 (+0.28%) |
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