- Eric Trump claimed Bitcoin is gearing up for a $1 million all-time high.
- The American entrepreneur praised China’s strong support in Hong Kong’s crypto hub push.
Eric Trump, the Executive Vice President of The Trump Organization, boldly proclaimed that Bitcoin (BTC) is positioning itself for a rush to $1 million. The second son of US President Donald Trump laid down his confident forecast at the Bitcoin Asia 2025 conference in Hong Kong on Friday.
“I really believe in the next several years, Bitcoin hits a million dollars,” stated the American entrepreneur. “There’s no question.”
Additionally, Eric buttered up to the Chinese crowd as he called China “a hell of a power” in developing cryptocurrencies. He said the nation will be one of the primary drivers of his million-dollar per BTC prediction.
Moreover, Eric attributed his firm conviction toward BTC to its exponentially growing institutional demand amid its only 21 million supply cap. His projection mirrors the overly bullish takes of Ark Invest CEO Cathie Wood and Strategy (rebranded from MicroStrategy) Executive Chairman Michael Saylor.
Eric Trump Focusing on Bitcoin and Crypto
Eric Trump admitted that he now devotes most, or 90%, of his time to Bitcoin and crypto, believing in their potential to be the next evolution of finance. He also took the opportunity to praise Simon Gerovich, President and CEO of Metaplanet, during the panel discussion.
Eric currently sits on the board of advisors of the Tokyo Stock Exchange-listed company. Metaplanet is the world’s seventh-largest public Bitcoin treasury company with its 18,991 BTC portfolio. It’s just above Trump Media & Technology Group’s 15,000 BTC stash.
Meanwhile, Strategy remains the largest publicly traded company in terms of Bitcoin haul. Its continuous accumulation since August has led to its 632,457 BTC treasury. Right on Sunday, Saylor again stated, “Bitcoin is on sale.” This hints at another big announcement coming this Monday about the business’s big BTC purchase last week.
Strategy’s big leap in market cap since incorporating Bitcoin in its playbook has resulted in its listing on the Nasdaq 100 last December. This week, market watchers expect it to join the S&P 500.
Chinese Delegates Snub HK Bitcoin Event Due to Eric Trump
Despite Eric Trump’s compliments to China’s support in the crypto push of Hong Kong, several delegates from the mainland reportedly skipped the event to avoid the American businessman. According to the South China Morning Post, Eric Yip, executive director at the Securities and Futures Commission (SFC), and Johnny Ng, member of the Chinese People’s Political Consultative Conference, opted out of the event, citing business and personal reasons for their absence. This came amid the ongoing trade and political tensions between US President Trump and Chinese President Xi Jinping.
