Eric Trump Predicts Bitcoin Could Reach $1 Million

Eric Trump, the son of president-elect Donald Trump, has made a bold prediction that Bitcoin (BTC) could hit $1 million in the future.

The American businessman made the comments in a keynote speech at the Bitcoin MENA 2024 conference in Abu Dhabi on Dec. 10. He expressed strong optimism about Bitcoin’s future, emphasizing its potential for long-term growth.

Trump praised BTC’s recent surge to $100,000 and noted its impressive market performance. He also affirmed his belief in the cryptocurrency, stating, “I believe in Bitcoin, I love Bitcoin,” and credited his father for ushering in a pro-crypto era.

“I think Bitcoin is a fundamental shift in the way we think about money and how we think about wealth and the future,” Trump said to a crowd of around 6,000 attendees.

Trump’s comments reflect growing confidence in BTC’s role as a store of value and its ability to thrive in the evolving financial landscape. As BTC continues to be viewed by many as a form of “digital gold,” its scarcity could drive even greater demand, making it increasingly valuable in the years ahead.

The businessman further predicted that more governments will adopt BTC in the coming years, emphasizing that those who are early to embrace the cryptocurrency will be the ones to benefit most. He stressed the importance of early adoption for both countries and individuals looking to take advantage of BTC’s potential in the global economy.

“Remarks from Eric Trump about bitcoin ascending to the $1M level reflect those of more prominent institutional players who are getting on board with the reality that its value is poised for indefinite growth, which could significantly disrupt the status quo financial system,” said Vijay Pravin, the founder and CEO of bitsCrunch.

Pravin added that looking ahead, a pro-Bitcoin Trump presidency could encourage individuals and businesses to explore BTC as a store of value and a hedge against inflation, “likely driving adoption levels and prices to new heights.”

Trump’s keynote speech comes roughly a month after his father was reelected as U.S. president. Experts suggest that BTC’s recent surge was driven by both President-elect Donald Trump's victory on November 5 and the growing acceptance of digital assets.

Since the election, approximately $10 billion has flowed into Bitcoin spot exchange-traded funds (ETFs), according to SoSo Value data. This surge helped push digital assets year-to-date (YTD) inflows to $41 billion, up 1,722% from 2023, according to a report by CoinShares.

At the time of publishing, BTC is currently trading at $96,600, up 0.3% in the last 24 hours, according to CoinGecko.