At the Wyoming Blockchain Symposium, Eric Trump, a member of the Trump family, announced his new status as a 'Bitcoin maxi' and shared optimistic forecasts regarding the price of this cryptocurrency.
Eric Trump's Bullish Predictions on Bitcoin
Eric Trump has set the price of Bitcoin at $175,000 by the end of 2025, with a future prospect of exceeding $1 million per coin. This is not Trump's first prediction, as he has previously spoken positively about cryptocurrencies. However, his recent comments about other altcoins like Ethereum have raised concerns among Bitcoin supporters.
Trump's Bitcoin Initiatives in Japan
According to the Financial Times, the company American Bitcoin, co-founded by Eric Trump, is considering expansion into Japan and Hong Kong. The company plans to conduct stock acquisitions for the purpose of accumulating Bitcoin. Additionally, Eric Trump is expected to visit Tokyo in September to participate in the shareholder meeting of the Japanese company Metaplanet Inc.
Family Investments in Cryptocurrency
The Trump family is actively investing in cryptocurrency. In July, they announced a capital raise of $2 billion for the creation of a Bitcoin treasury by Trump Media & Technology Group. Donald Trump also reported an income of $57 million from his company World Liberty Financial. Thus, Eric Trump's initiatives may be part of a larger family strategy in the crypto industry.
Despite some skepticism regarding Eric Trump's confidence in Bitcoin, his active initiatives in this field and lean towards hard money principles make his position significant in the cryptocurrency industry. The family's investments and plans to expand in Asia may strengthen the Trump family's influence in the world of cryptocurrency.
