The son of US President-elect Donald Trump said that Bitcoin will continue to soar and made an audacious prediction that it will reach $1 million per coin.
Trump Organization Vice President Eric Trump vowed that his father and their family will not cease their support of the firstborn cryptocurrency.
Eric believes that Bitcoin being traded at $1 million per coin may happen soon, describing the crypto as the “cornerstone of a financial revolution.”
COMMENT: Eric Trump is confident that Bitcoin will hit $1M. https://t.co/iFb5cmzpFz
— BSCN (@BSCNews) December 10, 2024
Trump’s son made the fearless forecast as he talked to the attendees of the Bitcoin MENA 2024 conference in Abu Dhabi on December 9, delivering his prediction to the audience without any taint of doubt on the capability of Bitcoin to hit that milestone.
“I can tell you a hell of a lot more eyes are going to be opened when Bitcoin hits $1 million. And I’m confident it’s going to hit $1 million. I think we’re all confident in this room that it’s going to hit a million,” Eric stated.
According to Eric, he sees Bitcoin as a “global asset”, pointing out the global significance of the crypto in a time wherein the threat of inflation, political instability, and natural disasters is rampant.
For the Trump Organization’s vice president, the future of finance is Bitcoin, arguing that the crypto is a powerful hedge against the traditional financial system’s inefficiencies because of its decentralized quality and fixed supply of 21 million coins.
“Bitcoin eliminates the need for tens of thousands of bankers pushing paperwork for exorbitant fees,” he added.
Eric noted that what makes Bitcoin successful as a global asset is its accessibility, adding that crypto does not need intermediaries such as banks or brokers in its transactions.
Trump’s son stressed the global appeal of cryptocurrency and how user-friendly is the digital asset as compared to traditional real estate investments.
“Unlike real estate, Bitcoin is not tied to geography. It’s global, instantly liquid. You can buy or sell it while having dinner with your spouse,” Eric explained.
Moreover, Eric emphasized that Bitcoin could empower people in developing nations.
“Bitcoin gives everybody the opportunity around the world to participate in ways they never otherwise would have thought, no matter their wealth, no matter their location,” he remarked.
Trump Family To Support Bitcoin
Eric vowed that his father and their entire family would continue to advocate cryptocurrency, pledging they would keep on playing an essential role in the global financial landscape.
He remarked that his father, Donald Trump, helped fuel the recent surge in the alpha cryptocurrency, adding that he will lead the United States into the “digital revolution.”
Eric Trump said that the people, governments, and institutions who embraced Bitcoin will become the biggest winners in the digital revolution.
Featured image from DALL-E, chart from TradingView
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