In summary
- Eric Trump said this week that he expects Bitcoin to reach a price of $ 1 million in the future.
- President Trump’s son highlighted the greatest demand and limited supply for the main cryptographic asset.
- He told the listeners that buying now will age terribly in the next five years.
Eric Trump believes that Bitcoin reaches a price of $ 1 million is inevitable.
The cryptographic businessman and son of the president of the United States, Donald Trump, spoke very well about the main cryptographic asset, making claims of bold prices and encouraging the listeners to “buy now”, during a talk by the fire at the Bitcoin Asia conference in Hong Kong.
“There is no doubt in my mind that Bitcoin reaches a million dollars,” Trump said in a conversation with the CEO of Nakamoto Holdings, David Bailey. “And, by the way, I don’t think I have to stop there. I think I could go much higher.”
For Trump, the thesis of $ 1 million Bitcoin seems simpler than predictions Based on the printing of money o Technical analysis.
“You have all the people who want a class of assets, and you have a very limited supply,” he said. “You don’t need a genius to discover where it is going.”
Trump added that the growing utility of the asset will also play a role in his appreciation. In recent months, there has been a wave of companies that buy Bitcoin to celebrate in the Treasury of digital assets, and the ETF of Bitcoin Spot have seen an unprecedented demand since the launch in the US. UU. In early 2024. And the Bitcoin Financial Services ecosystem continues to grow.
“It was digital gold. It was a reserve of value,” he said. “Every day they are discovering new ways to bet, get a performance, use it for daily purchases. You are taking this digital gold, that was really a value store before, and you are putting a massive utility behind Bitcoin.”
Trump has a strong incentive to be optimistic in BTC given its entanglement to the cryptographic industry, where he said he spends “90% of his time” now.
Not only keeps connections with Trump Media, which operates social truth and has Raised $ 2.5 billion to buy Bitcoin and requested his own Spot Bitcoin and Ethereum EtfsBut he also serves as co -founder of Bitcoin Miner, American Bitcoin, which is It is expected to be made public in September. Eric Trump is also a key figure behind the defi platform, World Liberty Financialwhich has been promoted by President Trump.
The president’s eldest son has not been shy by telling people who invest in cryptographic assets, including those who are connected. In February, the first child told his followers X “would be a good time to add eth” –Before 18% fell on the following days.
Ethereum has recovered significantly, which makes any buyer at the time of its publication profitable, since he recently assaulted a New maximum of all time. That said, eth is has been on the way down Since he established a new peak on Sunday.
He is sharing a similar purchase sign for Bitcoin now.
“I heard people all the time: ‘Should I enter the cryptocurrency? Is it too late? Am I too late?’ And I literally begin to laugh at them, ”said Trump. “We have not even scratched the surface of what Bitcoin will be. This is the time to buy. Volatility is your friend, at this time, close your eyes, keep it for the next five years and it will do you terribly well.”
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