""There's no question bitcoin hits $1 million," Eric Trump declared during a panel discussion with David Bailey, citing surging institutional demand and its limited supply as key drivers for the astronomical price target. The Bitcoin price currently trades around $110,000, having risen 18% this year, but still remains well below Trump's ambitious forecast. Eric Trump's appearance at the two-day Hong Kong event, which attracted more than 20,000 attendees-triple last year's numbers-highlighted the growing global influence of the Bitcoin industry and the Trump family's deepening involvement in it."
"The comments come as the Trump family has significantly expanded its Bitcoin and crypto ventures over the past year. Eric Trump and his brother Donald Trump Jr. co-founded American Bitcoin, a mining operation that is approximately 20% owned by the Trump brothers and the remainder by Hut 8. The company recently raised $220 million and is planning a September Nasdaq debut through its merger with Gryphon."
"Eric Trump emphasised the dramatic shift in U.S. crypto policy under his father's administration, claiming more progress has been made on Bitcoin and crypto in the seven months since President Trump's return to office than in the previous decade. "We went from 0 to 100 instantaneously," he said, describing America as "winning the digital revolution" thanks to strong political backing and institutional support from Wall Street firms, so"
Eric Trump predicted bitcoin will reach $1 million, citing surging institutional demand and limited supply as primary drivers. Bitcoin currently trades near $110,000 after an 18% gain this year but remains well below that target. The Bitcoin Asia conference in Hong Kong drew over 20,000 attendees, signaling growing global interest and deeper Trump-family involvement in crypto. Trump praised China's role in the crypto ecosystem despite Beijing's 2021 trading ban. The Trump family co-founded American Bitcoin, which is roughly 20% owned by the brothers, raised $220 million, and plans a September Nasdaq debut via a merger with Gryphon. He asserted rapid U.S. policy progress and strong institutional support.
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