Eric Trump, son of former US President Donald Trump, has issued a series of bold statements, including forecasts that Bitcoin will ultimately reach $1 million per coin.
“I believe in Bitcoin. I love Bitcoin. I’m extremely proud that my dad stood on the stage in Nashville and told me he would become Bitcoin president.” December 10, 2024 day.
At the time of the speech, Bitcoin was just under $100,000. Since then, on January 20, 2025, the all-time high (ATH) was $108,786, but then returned to its current price of $96,215, falling about 11.42% below its peak. Bitcoin shows volatility, but we haven’t seen the explosive Rally Trump suggestion. At least there isn’t yet.
Eric Trump painted a picture of the crypto-friendly White House under his father’s guidance, claiming Donald Trump would turn America into a “crypto capital of the world” and prevent Bitcoin from being over-adjusted. Ta.
“Think about presidents who don’t allow them to be overregulated and restrained by high taxes on Bitcoin and cryptocurrency, people who fight like hell with institutions who have wreaked havoc with cryptocurrency,” he told the audience. He spoke. “When Bitcoin hits $1 million, we could say Helluva, where more eyes will be opened.
His speech focuses on Donald Trump’s ongoing crypto embrace and promises to fire SEC Chairman Gary Gensler, Roundtable’s Rob Nelson adds Bitcoin to the US Treasury and reported that crypto was tax-free.
For Bitcoin to reach $1 million from the current $96,215, it will need to surge by around 939.34%.
If Bitcoin reaches $1 million, it will fundamentally restructure the financial environment. Its total market capitalization exceeds $21 trillion (assuming that the current circular supply remains at around 21 million btc), making it more valuable than gold and challenging traditional reserve assets.
Trump also claimed Bitcoin as a great asset in traditional finance, highlighting its ability to globally store and transfer value.
“For the first time, there’s another asset with energy. There’s another new digital asset that’s innovative: something that consumes energy, something that has life, and more potentially powerful than what we’ve seen so far. It’s something that has it.”
He criticized traditional banking as slow, inefficient and outdated, and argued that Bitcoin offers a faster, boundary-free alternative.
“You can answer the phone now and exchange Bitcoin while you’re having dinner with your wife in the middle of the night on a Saturday night. Why does it take 120 days to get a loan in developed countries?” he He added.