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- Eric Trump calls himself a “Bitcoin maxi” and predicted that the coin would surpass $1 million.
- His mining company, American Bitcoin, is preparing for a Nasdaq debut after a major merger.
Eric Trump says Bitcoin will one day trade at more than $1 million, calling himself a “bitcoin maxi” during a public appearance in Jackson Hole, Wyoming. The son of U.S. President Donald Trump made the remarks at the SALT Conference on Wednesday, where he spoke about the future of digital assets and his growing role in the industry.
Eric Trump’s Strong Belief in Bitcoin
Eric Trump has placed himself firmly in the camp of those who believe Bitcoin is the future of money. He has been very bullish about his digital asset prediction this year. For example, as discussed earlier, Trump encouraged banks to embrace crypto or risk extinction if they fail to update their system.
In his recent remarks, he told the audience that he spends more than half of his time working on cryptocurrency projects and that the digital asset sector is more reliable than the current financial system. He argued that traditional banking is filled with delays and inefficiencies, while Bitcoin transactions can be settled quickly across borders.
Trump also repeated his earlier prediction that the price of Bitcoin would reach $175,000 by the end of this year. He went further, saying he has no doubt the coin will pass $1 million in the long run. To him, the growth of Bitcoin is certain because people are looking for alternatives to existing systems.
Earlier this year, he co-founded American Bitcoin, a mining company that later merged with American Data Center, which he owned with his brother, Donald Trump Jr. The merged business is preparing to go public on Nasdaq through a deal with Gryphon Digital Mining. Under the structure, the Trump brothers hold a 20% stake, while Canadian miner Hut 8 will control the remaining 80%.
Trump used his speech to tell personal stories about problems he faced with banks. He said these experiences convinced him that blockchain can solve issues around payment speed and reliability. His comments highlighted how his interest in Bitcoin is not only business but also personal.
It is worth mentioning that Eric Trump has not been the only one bullish about Bitcoin reaching $1 million. As previously noted in our report, BitMEX founder Arthur Hayes is convinced the price of BTC will exceed $1 million in a few years.
Industry Optimism Adds to Bold Forecasts
In addition, Trump’s remarks came on the same day Coinbase CEO Brian Armstrong also spoke about the long-term value of Bitcoin. Notably, having two high-profile figures make similar forecasts shows how confidence in the asset remains strong among industry leaders.
Although Donald Trump has in the past criticized cryptocurrencies, both he and Eric have now chosen a very different stance. By calling himself a “bitcoin maxi,” Eric made clear that he sees no rival to Bitcoin. His public role in a mining company, along with his strong statements, has placed him in the spotlight as one of the most vocal supporters of the coin.
It is important to state that for Eric Trump, Bitcoin is not only an investment but a movement he believes will shape the financial world for decades to come. While Eric believes Bitcoin has the potential for more growth, recent market action has told a different story.
As mentioned earlier, following its all-time high at $124,000, the price has mostly moved sideways with increasing selling pressure. Bitcoin is currently trading at $113,735.69, down by 0.5% according to Marketcap data.
