Eric Trump, CEO Vice President of the Trump organization and son of US President Donald Trump, made bold predictions about Bitcoin’s future award during his performance at the Bitcoin Asia Conference in Hong Kong Friday and told participants that the Bitcoin award will “determine” reach $ 1 million.
“There is no doubt that Bitcoin is hitting $ 1 million,” Eric Trump declared during a panel discussion with David Bailey, referring to the rising institutional demand and its limited supply as keys to the astronomical price target. The Bitcoin prize is currently about $ 110,000 when they have risen 18% this year, but still remain well under Trump’s ambitious forecast.
Eric Trump’s performance at the two-day Hong Kong event, attracting more than 20,000 participants-third last year’s songs, the growing global influence of the Bitcoin industry and the Trump family’s elaborate involvement in it.
During his speech, Trump also praised China’s role in Bitcoin and Crypto Ecosystem and called the nation a leading strength in Bitcoin and Crypto despite Peking’s ban on crypto trade since 2021.
The comments are coming as the Trump family has expanded its Bitcoin and Crypto Ventures in the past year significantly. Eric Trump and his brother Donald Trump Jr. Founded American Bitcoin, a mining that is about 20% owned by the Trump brothers and the rest of Hut 8. The company recently raised $ 220 million and is planning a September Nasdaq debut through his merger with Gryphon.
Eric Trump emphasized the dramatic shift in US cryptopolitics during his father’s administration, claiming that more progress has been made with Bitcoin and Krypto in the seven months ago President Trump’s return to the office than in the previous decade. “We went from 0 to 100 instantly,” he said, describing America as “winning the digital revolution” thanks to strong political support and institutional support from Wall Street companies, sovereign wealth funds and pension accounts.
Trump also highlighted his commitment with the Japanese Bitcoin Treasury Company Metaplanet, where he serves on the board of directors. He praised the company’s president and CEO Simon Gerovich during his panel discussion, reflecting the growing international network of Bitcoin-focused companies.
Eric Trump’s Bullish Bitcoin prize-pricing reflects growing institutional confidence in his long-term prospects, and the Bitcoin Asia Conference emphasized Hong Kong’s increasing role in the global Bitcoin landscape.