Undeterred by recent market slumps, Eric Trump, son of US President Donald Trump and co-founder of American Bitcoin, once again predicts that Bitcoin could reach $1 million.
Eric Trump told attendees at Mar-a-Lago’s World Liberty Financial Forum on Wednesday that he has never felt more bullish on Bitcoin, describing it as “one of the greatest-performing asset classes” of the last ten years.
Eric Trump Says $1 Million BTC Price Call Still In Play
In a CNBC interview, Eric Trump expressed continued confidence in Bitcoin’s future growth.
“I’m a huge proponent because I do think it hits 1 million dollars,” Trump said. “Go back two years. Bitcoin was at $16,000. Where is it at right now, $70,000?”
Eric noted that Bitcoin has delivered approximately 70% annual returns over the past ten years, daring critics to identify any asset class that has done better.
He framed Bitcoin’s volatility as a natural trade-off for its long-term growth potential. “You’re going to have volatility with something that has tremendous upside,” Eric opined. “But I’ve never been more bullish on Bitcoin in my life. I’ve never been more bullish on cryptocurrency in my life.”
Trump’s comments come as Bitcoin loiters just around $68,100, having fallen short of reclaiming the $70,000 threshold it last reached on Feb. 15. This puts BTC roughly 46% below its all-time high of $126,080, reached last October, according to CoinGecko data.
Eric is putting his beliefs into practice: American Bitcoin, the Bitcoin mining company he co-founded with his brother Donald Trump Jr., went public last year via a reverse merger with Gryphon Digital Mining and currently owns roughly 6,039 BTC, worth around $411 million.
Banks Pressured Trump Family Into Crypto
Meanwhile, Donald Trump Jr. criticized the traditional banking system, labeling it a “Ponzi scheme” and saying the family’s entry into cryptocurrency was motivated by necessity rather than following a trend.
“You know, we didn’t get into crypto because we were on the leading edge,” Donald Trump Jr. told CNBC. “We got into it out of necessity. They basically forced us into it.”
The brothers stated that their crypto-focused venture, World Liberty Financial, is part of a larger plan to transform the financial system.
The development comes as the Trump administration advances broader crypto adoption, marked by March 2025’s executive order on a Strategic Bitcoin Reserve, the formation of a federal crypto working group, and the enactment of the landmark GENIUS stablecoin legislation.
Source: https://zycrypto.com/eric-trump-says-bitcoins-journey-toward-1-million-is-just-beginning-heres-why/


