Eric Trump predicts Bitcoin will hit $1 million per coin, calling it a key part of the financial revolution. He criticized Biden’s regulations, credited his father for Bitcoin’s rise past $100,000, and highlighted Bitcoin’s advantages over traditional finance. He promised the Trump family’s continued support for digital assets.
Eric Trump, the vice president of the Trump Organization, delivered a powerful speech at the Bitcoin MENA 2024 conference in Abu Dhabi on December 9, after Trump’s victory.
Eric Trump Predicts Bitcoin
Eric predicted that Bitcoin would soon surpass the $1 million mark and called it the “cornerstone of a financial revolution.” In his address, Eric described Bitcoin as a “global asset” and stressed its importance in a world increasingly threatened by inflation, political instability, and natural disasters.
“Bitcoin is the future of finance,” he proclaimed, emphasizing that its decentralized nature and fixed supply of 21 million coins make it a powerful hedge against the traditional financial system’s inefficiencies. “Bitcoin eliminates the need for tens of thousands of bankers pushing paperwork for exorbitant fees,” Eric added, making a strong argument for how cryptocurrency can simplify global transactions.
He also took the opportunity to criticize the Biden administration’s stance on cryptocurrency, accusing it of waging a “war” on the sector through aggressive regulatory measures, particularly the lawsuits filed by the Securities and Exchange Commission (SEC).
Eric highlighted the collapse of FTX as a turning point for the industry, noting that the previous administration’s actions had these uncertainties.
Trump’s role in Bitcoin
“Under my father’s leadership, America will lead the digital revolution,” he declared, receiving loud applause many of whom were sporting “Make Bitcoin Great Again” caps.
He credited President-elect Donald Trump with driving Bitcoin’s recent surge past the $100,000 mark, stating, “When Bitcoin hit $100,000, I immediately called my father to share the good news.” He further argued that those who embrace Bitcoin now, including governments and institutions, will be the biggest winners in the digital revolution.
“Bitcoin is instantly liquid, borderless, and a global currency,” he said. “It doesn’t rely on traditional banking systems. It’s not subject to corrupt governments.”
He added that Bitcoin’s price would continue to climb, eventually reaching $1 million per coin. “A lot more eyes will be open when Bitcoin hits $1 million, and I’m confident it’s going to hit $1 million.”
“It’s a shift in how companies like ours receive money,” he explained, referring to the Trump Organization’s involvement in cryptocurrency. Eric promised that the Trump family would remain steadfast supporters of digital assets, ensuring they continue to play a significant role in the global financial landscape.
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