Eric Trump, executive vice president of the Trump organization and son of the president of the United States, Donald Trump, made bold predictions on the trajectory of the future price of Bitcoin during his appearance at the Bitcoin Asia conference in Hong Kong on Friday, telling the attendees that the price of Bitcoin “definitely” will reach $ 1 million.
“There is no doubt that Bitcoin reaches $ 1 million,” Eric Trump said during a discussion panel with David Bailey, citing the growing institutional demand and its limited offer as key promoters for the price of the astronomical price. The price of Bitcoin currently quotes around $ 110,000, which has increased 18% this year, but is still well below the ambitious Trump prognosis.
Eric Trump’s appearance at the two -day Hong Kong event, which attracted more than 20,000 attendees, triple the numbers last year, illuminated the growing global influence of the Bitcoin industry and the depth of the Trump family family in it.
During his talk, Trump also praised China’s role in the Bitcoin and Crypto ecosystem, calling the nation a leading force in Bitcoin and Crypto despite the prohibition of Beijing of Cryptography Trade from 2021.
Comments occur when the Trump family has significantly expanded its Bitcoin and cryptography companies during the past year. Eric Trump and his brother Donald Trump Jr. co -founded American Bitcoin, a mining operation that is approximately 20% owned by the Trump brothers and the rest for HUT 8. The company recently raised $ 220 million and is planning a debut in the Nasdaq of September through its Merger with Gryphon.
Eric Trump emphasized the dramatic change in the cryptographic policy of the United States under the administration of his father, claiming that more progress has been achieved in Bitcoin and Crypto in the seven months after the return of President Trump to the position than in the previous decade. “We went from 0 to 100 instantly,” he said, describing the United States as “winning the digital revolution” thanks to the strong political support and institutional support of Wall Street companies, sovereign wealth funds and retirement accounts.
Trump also highlighted his participation in Metaplanet of the Japanese Treasury company of Bitcoin, where he is a member of the Board of Advisors. He praised the president and CEO of the company, Simon Gerovich, during his discussion panel, reflecting the growing international network of Bitcoin companies.
The Bitcoin Bitcoin pricing of Bitcoin by Eric Trump reflects a growing institutional confidence in its long -term perspectives, and the Bitcoin Asia conference stressed the growing role of Hong Kong in the World Panorama of Bitcoin.
