Key Takeaways
- Eric Trump predicts Bitcoin will reach $1 million per coin.
- He emphasized Bitcoin's scarcity and decentralized nature as key advantages.
- Bitcoin recently surpassed $100,000, marking a new milestone.
Eric Trump, executive vice president of the Trump Organization, projected that Bitcoin will reach $1 million per coin during his keynote speech at the Bitcoin MENA event in Abu Dhabi on Dec. 10.
Speaking to a captivated audience, Trump described Bitcoin as a “financial paradigm” capable of reshaping the global economy. He highlighted Bitcoin’s decentralized nature, which eliminates middlemen, and praised its scarcity due to a fixed supply of 21 million coins.
He remarked:
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.
Trump argued that Bitcoin serves as more than just an investment, calling it a hedge against inflation, political instability, and natural disasters.
Drawing parallels with the slow adoption of email, which took 25 years to gain mass acceptance, he noted that Bitcoin’s adoption curve is similarly progressing.
The businessman also shared an anecdote about a friend who recently dismissed Bitcoin as “funny money,” only to see his employer—one of the world’s top banks—invest heavily in cryptocurrencies.
Concluding his speech, Trump expressed confidence that governments and banks will adapt to Bitcoin’s rise, congratulating the community on BTC’s recent milestone of surpassing $100,000.
He said:
Bitcoiners, I love you. The Trump family loves you.
