Eric Trump Believes Bitcoin Will Surpass $1 Million Value

JACKSON HOLE, Wyo. — Eric Trump, the son of former U.S. President Donald Trump, is steadfast in his belief that Bitcoin (BTC) will exceed a value of $1 million in the future.

During the SALT conference held in Jackson Hole, he expressed his enthusiasm for cryptocurrency, labeling himself a “bitcoin maxi.”

Having co-founded the bitcoin mining firm American Bitcoin earlier this year, he shared that over half of his professional focus is now dedicated to cryptocurrency projects. He projects that Bitcoin will reach $175,000 by the year’s end, reiterating previous forecasts.

In his remarks, Trump cited personal anecdotes to illustrate what he sees as the shortcomings of the existing financial system, promoting Bitcoin and blockchain technology as solutions for quicker transactions and payment processes.

Additionally, American Bitcoin, which merged with a company co-owned by Trump and his brother Donald Trump Jr., is set to go public on Nasdaq through a merger with Gryphon Digital Mining. The Trump brothers hold a 20% stake, with the rest owned by bitcoin miner Hut 8.

His comments occurred shortly after Brian Armstrong, the CEO of Coinbase, shared a similar perspective on Bitcoin’s potential value.