Bitcoin is trading near $66,800 as market consolidation continues. Against this backdrop, Eric Trump predicted the asset could reach $1,000,000 per coin. His remarks came during a CNBC interview at the World Liberty Forum.
Eric Trump has renewed their public support for Bitcoin, describing it as the defining asset class for a new generation. Eric Trump said he has “never been more bullish on Bitcoin” despite recent price weakness. This prediction follows Strategy chairman Michael Saylor’s prediction that Bitcoin could reach $1,000,000 by 2035.
Trump Sons Outline Case for $1 Million Bitcoin
Eric Trump linked his $1 million projection to long-term performance and fixed supply. He pointed to Bitcoin’s recovery from lows near $16,000 two years ago. He also referenced strong average annual returns over the past decade.
Trump argued that volatility is natural for an emerging asset. He compared Bitcoin with municipal bonds and U.S. Treasuries. He said traditional instruments offer lower yields and limited upside.
He also cited growing institutional adoption. Firms such as Fidelity, Charles Schwab, JPMorgan, BlackRock, and Goldman Sachs were mentioned. According to Trump, private wealth allocations to crypto have increased in recent years.
Trump serves as co-founder of American Bitcoin Corp., which holds about 6,039 BTC as of February 2026, placing it among the top public corporate Bitcoin holders.
Goldman Sachs CEO Confirms Personal BTC Exposure
Goldman Sachs CEO David Solomon also addressed Bitcoin during the forum. He disclosed that he owns a small amount of BTC. Solomon described his holdings as “very, very limited.”
He said he is not a “great Bitcoin prognosticator.” He positioned himself more as an observer than an advocate. His comments mark a shift from earlier skepticism.
In a previous CNBC interview, Solomon described Bitcoin as speculative. He questioned its real-world use case while acknowledging investor demand. His recent disclosure signals growing proximity between traditional finance and digital assets.
The interaction between Wall Street leaders and crypto firms has expanded. Regulatory developments in Washington remain a central focus. Industry executives continue to call for clearer statutory frameworks.
Coinbase CEO and Policy Outlook
Coinbase CEO Brian Armstrong also spoke at the forum. He attributed recent Bitcoin price weakness to market psychology. He dismissed speculation that macro-political factors were the main driver.
Armstrong maintained that Bitcoin remains one of the best-performing assets of the past decade. He emphasized that Coinbase does not take a short-term view of volatility. “I think the bill will get done,” Armstrong said regarding pending crypto legislation.
He suggested a market structure bill could advance under President Donald Trump’s administration. He said regulatory clarity would provide long-term certainty. Armstrong added that Coinbase would continue operating under existing rules if legislation stalls.
Wells Fargo Sees $150B Liquidity Boost
Wells Fargo analysts projected that up to $150 billion in tax refunds could enter the economy. The bank suggested part of this liquidity may flow into risk assets. Historically, refund seasons have triggered retail trading activity.
The bank noted that Bitcoin has tracked domestic liquidity trends. Domestic liquidity declined by $105 billion in recent weeks. Over the same period, Bitcoin fell about 28%, according to TradingView data.
Analysts expect over 60% of refunds to be distributed by late March 2026. They believe a liquidity rebound could support speculative flows. Bitcoin’s fixed supply of 21 million coins remains a core narrative for long-term holders.
Source: CoinCodex
Currently, Bitcoin’s circulating supply stands near 19.99 million coins. Its total market capitalization is about $1.34 trillion. However, the BTC price action remains within a tight weekly range between $66,800 and $68,300.
Source: https://coinpaper.com/14742/here-s-why-eric-trump-predicts-bitcoin-price-to-hit-1-000-000
