PANews reported on August 21st, according to CoinDesk, that Eric Trump, son of US President Donald Trump, stated at the SALT conference that Bitcoin will eventually surpass $1 million and predicted it would reach $175,000 by the end of the year. Eric Trump, a self-proclaimed "Bitcoin maximalist," currently devotes more than half of his time to crypto projects. American Bitcoin, which he founded, has merged with American Data Center and plans to list on the Nasdaq through a merger with Gryphon Digital Mining (GRYP). The Trump brothers hold a 20% stake in the company, while Hut 8 holds an 80% stake. Coinbase CEO Brian Armstrong has also made similar predictions.