Eric Trump Predicts Bitcoin to $1 Million Amid Crypto Push
Eric Trump Bullish on Bitcoin's Future
JACKSON HOLE, Wyo. — Eric Trump, son of former U.S. President Donald Trump, expressed strong confidence in Bitcoin, projecting its value could exceed $1 million.
Trump, who co-founded American Bitcoin earlier this year, reiterated his enthusiasm for the cryptocurrency at the SALT conference in Jackson Hole on Wednesday. He identified himself as a “bitcoin maxi.”
The businessman, also an executive vice president at the Trump organization, stated he now dedicates over 50% of his time to cryptocurrency-related ventures.
He maintained his previous forecast, suggesting Bitcoin could reach $175,000 per token by year-end.
Trump shared anecdotes highlighting perceived weaknesses in the traditional financial system, suggesting Bitcoin and blockchain technology offered solutions through faster transactions and payment settlements.
American Bitcoin's Public Listing
American Bitcoin, which merged with Eric and Donald Trump Jr.'s American Data Center in March, is slated to go public on Nasdaq via a merger with Gryphon Digital Mining (GRYP).
- The Trump brothers hold a 20% stake in the company.
- Bitcoin miner Hut 8 controls the remaining 80%.
Trump's comments follow a similar prediction made by Coinbase CEO Brian Armstrong, who suggested Bitcoin could reach $1 million by 2030.