Eric Trump Predicts Bitcoin Will Hit $1 Million
Speaking at Bitcoin MENA 2024 in Abu Dhabi, Eric Trump declared his confidence in Bitcoin’s long-term value, predicting that it would eventually hit $1 million.
“I believe in Bitcoin. I absolutely love Bitcoin,” he stated, highlighting his father Donald Trump’s commitment to making America the crypto capital of the world.
At the time of his speech, Bitcoin was trading just under $100,000. Since then, it reached an all-time high of $108,786 on Jan. 20, 2025, before pulling back to $96,215.
A Bitcoin President and a Crypto-Friendly Future
Eric Trump painted a picture of a pro-crypto administration under Donald Trump, vowing that:
- Bitcoin will not be overregulated or stifled by high taxes.
- The SEC will face leadership changes, with Chair Gary Gensler likely to be fired.
- Bitcoin could be added to the U.S. Treasury reserves.
- Crypto transactions could become tax-free, making the U.S. a haven for blockchain innovation.
“Think about a president who isn’t going to allow Bitcoin and cryptocurrencies to be over-regulated,” Eric Trump said.
What Would It Take for Bitcoin to Reach $1M?
For Bitcoin to surge from $96,215 to $1 million, it would need a 939.34% increase, pushing its market capitalization beyond $21 trillion—making it more valuable than gold.
If this happens, Bitcoin could challenge traditional reserve assets, potentially reshaping global finance and reducing reliance on fiat currencies.
Bitcoin vs. Traditional Finance – A Paradigm Shift?
Eric Trump argued that Bitcoin is superior to traditional finance, calling banks outdated and inefficient.
“I can trade Bitcoin on my phone at midnight on a Saturday night. How the hell does it take 120 days to get a loan?”
Bitcoin’s borderless nature, instant transactions, and growing institutional adoption make it a compelling alternative to legacy banking systems.
The Road Ahead for Bitcoin and U.S. Crypto Policy
With Donald Trump openly embracing Bitcoin, a pro-crypto White House could drive:
- Institutional adoption of Bitcoin in financial markets.
- Regulatory clarity, reducing uncertainty for crypto businesses.
- Mainstream acceptance of digital assets as a store of value.
Whether Bitcoin reaches $1 million remains to be seen, but the momentum behind crypto-friendly policies is stronger than ever.