Why Eric Trump thinks Bitcoin will reach $ 1 million

Eric Trump thinks Bitcoin reaches a price of $ 1 million is inevitable.

The crypto entrepreneur and son of the US President Donald Trump spoke strongly about the best crypto assets, who made daring price claims and encourages listeners to ‘buy now’, during a Hireside chat on the Bitcoin Asia conference in Hong Kong.

“There is no doubt in my mind that Bitcoin will be a million dollars,” Trump said in conversation with Nakamoto Holdings CEO, David Bailey. “And by the way, I don’t think it should stop there. I think it can go a lot higher.”

To Trump, the statement for Bitcoin of $ 1 million seems easier than predictions Based on money prints Or technical analysis.

“You have every person who wants an asset class, and you have a very limited stock,” he said. “No genius is needed to find out where that goes.”

Trump added that the growing usefulness of the asset will also play a role in its appreciation. In recent months there has been an increase in companies that buy Bitcoin to keep in digital assets treasures, and Bitcoin ETFs have seen the unprecedented demand since the launch in the US in early 2024. And the ecosystem of Bitcoin Financial Services continues to grow.

“It was digital gold. It was a store of value,” he said. “Every day they come up with new ways to use it a bit, to get a yield on it, to use it for daily purchases. You take this digital gold, that was really just a store with value, and you place a lot of use behind Bitcoin.”

Trump has a strong incentive to be bullish on BTC, given his provision with the crypto industry, where he said he is now spending “90% of his time”.

He not only maintains connections with Trump Media, who operates and has the truth socially $ 2.5 billion picked up to buy Bitcoin and applied in itself Spot Bitcoin and Ethereum ETFsBut he also serves as a co-founder of Bitcoin Miner, American Bitcoin, that is expected to become public in September. Eric Trump is also a key figure behind the Defi platform, World Liberty FinancialHe was promoted by President Trump.

The president’s eldest son has not been shy to tell people to invest in Crypto assets, including those with whom he is connected. In February the first son told his X followers: “It would be a good time to add ETH” – – – –Before it fell 18% in the following days.

Ethereum has been reflected considerably since then, so that buyers were at the time of his post -winning place, while it recently went to one New High High. That said, ETH is Has been down on the way Since he set up a new peak on Sunday.

He now shares a similar buying signal for Bitcoin.

‘I hear from people all the time:’ Do I have to come in cryptocurrency? Did I miss it? Am I too late? “And I literally start laughing,” Trump noted. “We didn’t even scratch the surface of what Bitcoin is going to be. This is the time to buy. Volatility is your friend – now your eyes closed, hold it in the next five years and you are going to do great.”