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Bitcoin is presently valued at $108,410, reflecting a decline of 3.1% over the past 24 hours, as traders assess new macroeconomic factors alongside long-term forecasts. During his address at the Bitcoin Asia Conference in Hong Kong, Eric Trump asserted that Bitcoin is destined to reach $1 million, citing two main factors: the capped supply of 21 million and the rising institutional interest.
NEW:
Eric Trump claims there is “no question” that Bitcoin will achieve $1 million.
“Everyone desires Bitcoin, everyone is purchasing Bitcoin.” pic.twitter.com/oVCdVEUdG4— Bitcoin Archive (@BTC_Archive) August 29, 2025
He also highlighted China’s increasing involvement in digital assets, despite the mainland’s prohibition on retail transactions involving these assets. He pointed out the emergence of yuan-backed stablecoins, while Hong Kong has enacted a stablecoin bill to reinforce its status as a global crypto center.
Additionally, another mining venture associated with Trump is set to list on Nasdaq, leading him to declare that his family is “fully committed” to this community.
Amdax Aims to Secure 1% of Bitcoin Supply
Institutional accumulation is also gaining momentum in Europe. The Dutch crypto company Amdax has raised $23.3 million to initiate its new treasury vehicle, AMBTS, which aims to ultimately acquire 210,000 BTC — nearly 1% of Bitcoin’s overall supply. At current prices, this objective translates to over $23 billion in Bitcoin assets.
JUST IN:
Amdax intends to establish a #Bitcoin treasury firm named AMBTS on the Dutch stock exchange.
Aims to possess at least 1% of Bitcoin supply pic.twitter.com/b1DETGvp0a— Bitcoin Magazine (@BitcoinMagazine) August 18, 2025
Amdax intends to establish a #Bitcoin treasury firm named AMBTS on the Dutch stock exchange.The firm plans to grow through further funding rounds and a potential IPO on Amsterdam’s Euronext exchange. This mirrors the approach initiated by Michael Saylor’s Strategy (formerly MicroStrategy), which transformed corporate treasuries into one of Bitcoin’s largest demand sources.
Other international companies, such as Tesla, MercadoLibre, Rumble, Sequans, and Metaplanet, have also increased their Bitcoin acquisitions. As more participants enter the market, the supply on exchanges tightens, leading to price increases.
Strategy Resolves Lawsuit, Fortifies Position
Strategy, the largest corporate holder of Bitcoin, has triumphed in a legal dispute. A lawsuit alleging that the company misrepresented investors regarding new fair-value accounting regulations was dismissed with prejudice, alleviating a significant burden.
[DECRYPT] Strategy Investors Withdraw Lawsuit Over Bitcoin Profitability Claims$BTC $MSTR $STRK $STRF $STRD $STRC
— BecauseBitcoin.com (@BecauseBitcoin) August 29, 2025
The company can now concentrate fully on expanding its $68 billion Bitcoin treasury, which represents over 3% of the circulating supply. Analysts consider this a considerable confidence booster for both the company and the broader market, as it eliminates a layer of legal ambiguity that has been affecting sentiment this year.
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Bitcoin Price Forecast – Technical Analysis
From a technical standpoint, Bitcoin remains within a descending channel since mid-August, with support at $108,400 and resistance at $111,000. The RSI is around 30, nearing oversold conditions, while the MACD histogram continues to show negative values, indicating that bears maintain control.
A breakout above $111,000 could shift momentum, setting the stage for targets of $113,650 and $116,850, with the next objective at $120,250. Conversely, failing to maintain $107,800 could lead to deeper declines, potentially reaching $105,150 and $101,500 at the channel’s lower boundary.
For traders, the strategy is straightforward: bullish above $111,000, bearish below $107,800. Sustained institutional demand and corporate treasuries will ensure Bitcoin remains digital gold, making $130,000 a possibility once this consolidation phase concludes.
Presale Bitcoin Hyper ($HYPER) Merges Bitcoin Security With Solana Efficiency
Bitcoin Hyper ($HYPER) is establishing itself as the first Bitcoin-native Layer 2 solution powered by the Solana Virtual Machine (SVM). Its objective is to enhance the Bitcoin ecosystem by facilitating rapid, low-cost smart contracts, decentralized applications, and even meme coin creation.
By integrating Bitcoin’s unparalleled security with Solana’s high-performance infrastructure, the project paves the way for entirely new applications, including seamless BTC bridging and scalable dApp development.
The team has placed a strong emphasis on trust and scalability, with the project undergoing audits by Consult to instill confidence in its foundations among investors.
Momentum is rapidly building. The presale has already surpassed $12.7 million, with only a limited allocation remaining. At this stage, HYPER tokens are priced at just $0.012825—but this price will rise as the presale advances.
Tokens can be purchased on the official Bitcoin Hyper website using either cryptocurrency or a bank card.
Click Here to Participate in the Presale
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