Eric Trump confidently predicted that Bitcoin will surpass $1 million, crediting the “most pro-cryptocurrency president in American history” with launching this global financial revolution.
Eric Trump: Bitcoin rises to $1 million, the most pro-cryptocurrency president in U.S. history
Eric Trump, son of U.S. President-elect Donald Trump, confidently predicted at the Bitcoin MENA conference in Abu Dhabi on Dec. 10 that the price of Bitcoin will exceed $1 million per coin.
“I believe in Bitcoin. I love Bitcoin so much, and I was so proud of my father for standing up on that stage in Nashville and saying he was going to be the Bitcoin president. He was going to be the crypto president. He was going to make America the crypto capital of the world. He was going to have smart regulation. He was going to do all the right things. I truly believe this is the future of finance,” he said, adding:
I can say with great pride that now that he wins, you’re going to have the most pro-crypto president in American history.
"Bitcoin is actually proving to be the best complement to the hard assets that our family loves so much. That scarcity, that hard limit, makes it very valuable, especially when these assets are being purchased in billions of dollars. That's why you see the price skyrocketing," he shared. "I truly believe that this will become the cornerstone of the modern global financial system over the next few decades," Trump elaborated.
"It will be used to protect your wealth. Make no mistake, folks, we as a family and my father in office, we will lead that. We will lead it in every way," Trump noted.
“It’s a shift in the way companies like us accept money. I can tell you that when Bitcoin hit $100,000, a lot of people’s eyes were opened,” he described, adding:
I can tell you that when Bitcoin reaches $1 million, more people’s eyes will be opened, I am very confident of that.
Trump also commented on crypto regulation under the Biden administration. “Gary Gensler has waged war on an industry that we all love, and everybody knows it,” he said, noting that Donald Trump appointed Paul Atkins, “who has been an incredible ally to this incredible industry,” he described. “I truly believe this is the beginning of a financial revolution, not just in the United States, but truly around the world.”