- Eric Trump said Bitcoin will hit one million dollars, and his conviction has only grown stronger.
- Trump confirmed the US holds 300,000 BTC through the Strategic Bitcoin Reserve and will not sell.
- Banks closed over 350 Trump Organization accounts, pushing Eric to co-found American Bitcoin.
Eric Trump took the stage at the Bitcoin 2026 Conference and made his position on digital assets clear. Bitcoin is not just an investment. It is, in his telling, the most important financial asset of the generation, a technology that governments tried to suppress, failed, and are now quietly accumulating for themselves.
“We have won this,” Trump told the audience. “They are not putting this cat back in the bag. It’s not happening. It will never happen. I don’t care who you put in there.”
The $1 Million Call
When asked for his Bitcoin price target for 2030, Trump did not hedge. He said a million dollars, the same answer he gave a long time ago, and said his conviction has only grown stronger.
“I have absolute conviction in my mind that Bitcoin is going to hit a million dollars,” he said. “I don’t know if it’s 2030. I don’t know if it’s 2031. But I absolutely believe it gets there. I believe we are in the infancy. I think our best days are ahead of us.”
300,000 BTC and a Government That Is Not Selling
One of the interesting moments came when Trump addressed the United States government’s Bitcoin holdings directly. The US holds approximately 300,000 BTC accumulated through seizures, including Silk Road, he said, and under the Strategic Bitcoin Reserve established in March 2025, that position is not being liquidated.
“The US government holds 300,000 BTC and will not sell it,” Trump said.
The implications of that statement are significant. A government holding Bitcoin as a strategic reserve asset and refusing to sell it is a fundamentally different signal than the asset seizure and auction model that characterized Washington’s approach to Bitcoin over the previous decade.
A Personal Story Behind the Conviction
Trump described how major banks, including JPMorgan, closed more than 350 Trump Organization accounts following January 6, 2021, a period he described as a demonstration of exactly how financial institutions can be weaponized against individuals with no warning and no recourse.
That experience led him to co-found American Bitcoin, a mining operation that now holds over 6,500 BTC in treasury. The company is a direct expression of the lesson he said the banking episode taught him.
“This ecosystem of Bitcoin and crypto is definitely helping the United States and the whole world,” he said.
The Middle East, he added, is already mining Bitcoin using energy from cities that have excess supply. The suppression of Bitcoin, in his assessment, was real, sustained, and ultimately unsuccessful. What comes next, he argued, is acceleration.
Related: Bitcoin Price Holds Support Zone as Heavy Shorts Dominate Market
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Source: https://coinedition.com/bitcoin-will-hit-1-million-says-eric-trump-at-bitcoin-2026/
