Raghav Chopra
- Eric Trump makes bullish Bitcoin prediction at Bitcoin Asia conference
- Trump Jr. predicts Bitcoin to cross a million dollars
- Eric credits father Donald Trump for making U.S. the global leader in crypto
The highlight of day 2 of the Bitcoin Asia Conference being held in the Exhibition and Convention Centre in Hong Kong saw Eric Trump addressing a large gathering telling them that Bitcoin’s ‘high point’ is still many years away. Talking about his family’s dealings with cryptocurrency, a bullish Eric Trump said Bitcoin will be hitting a million dollars in a few years.
‘Traditional finance was attacking us’
It’s no secret that the Trump family’s involvement in the cryptocurrency space began as a direct response to being ‘debanked’ by major U.S.financial institutions due to allegations against President Donald Trump.
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“We were getting debanked as a family because my father is a political guy, we were getting debanked by the biggest financial institutions in the United States,” Eric said.
This experience led to a pivotal meeting with figures in the crypto world.
“The enemy of your enemy is actually your friend. That’s how the Trump family became friends with this community. The enemy of your enemy actually became your friend.”
The key moment that started it all
Eric believes the key moment in this journey was an invitation from David Bailey, the CEO of BTC Inc., for his father to speak at a Bitcoin conference. Something Eric has been doing for the last year.
“David Bailey was the first person who invited the now president of the United States… to speak on a stage and the community, the Bitcoin community, embraced him, the Bitcoin community, embraced my father, unlike anything I had ever seen before.”
Becoming America’s first crypto president
Eric credits his father with driving significant progress for digital assets in the United States since taking office after the ‘incompetent’ Joe Biden.
“I think in terms of America, I think we’ve made more progress in terms of digital assets in the last seven months under his presidency than we probably did in the 10 previous years,” he stated. “The entire world is following. The United States right now is winning the digital revolution only because you have somebody that’s so committed to its success.”
For Bitcoin, the only way is up
The finite nature of Bitcoin is what keeps Eric bullish about the future of the world’s most popular cryptocurrency.
“There’s only 21 million coins. It’s the only commodity in the entire world that they’re not creating more of. That can’t happen with cryptocurrency. That can’t happen with Bitcoin. It’s finite. And that’s what makes it so damn powerful.”
And this means, there’s only one way for Bitcoin to go. And that’s to the moon.
“There’s no question in my mind that Bitcoin hits a million dollars. There’s no question about it. And by the way, I don’t think it has to stop there. I think you go a lot higher.” He also highlighted the growing accessibility of crypto. “Every single day it’s becoming more accessible to the everyday person. It’s easier to get. People are buying it for the retirement plans for the first time. It just became available.”
