At the SALT conference in Jackson Hole, Eric Trump shared his views on Bitcoin's future, making bold predictions regarding its price both in the short and long term.
Long-Term Bitcoin Price Prediction
Eric Trump stated that he believes Bitcoin can reach $1 million, although this will take time. He noted that the growing interest from institutional investors and users highlights Bitcoin's future dominance. In the short term, Trump predicted it would rise to $175,000 by the end of 2025, citing strong demand and increasing recognition of BTC as digital gold.
Active Involvement in the Crypto Industry
Eric Trump revealed that more than half of his professional time is dedicated to cryptocurrencies, reflecting his deep engagement in the sector. He has also expressed views on other cryptocurrencies, including Ethereum, supporting the opinion of analyst Ted Pillows who suggested ETH is undervalued.
Impact on Politics and Markets
The Trump family's involvement has influenced the relationship between the crypto sector and U.S. politics. President Donald Trump has frequently voiced support for digital assets, while Eric Trump's predictions continue to attract attention from investors and policymakers. His forecasts strengthen the narrative of Bitcoin as a multi-million dollar asset in the long run.
Considering Eric Trump's active participation in the crypto industry and his bold forecasts, his insights on Bitcoin continue to spark interest and discussions among investors and analysts.
