Eric Trump, an American businessman and executive vice president of the Trump Organization, as well as the son of United States President-elect Donald Trump, made a prediction that Bitcoin will eventually reach $1 million. Trump delivered a keynote speech at the Bitcoin MENA event in Abu Dhabi on Dec. 10, where he praised Bitcoin as a “financial paradigm” and a global asset.
He expressed his confidence in Bitcoin’s potential to transform the global economy in positive ways and stated that it will eventually reach $1 million per coin. Trump also predicted that more governments will embrace Bitcoin in the future, and emphasized that early adopters will be the ones who benefit.
During his speech, Trump emphasized that Bitcoin is not just another asset or investment, but a global asset that serves as a store of value and a hedge against inflation, political turmoil, and natural disasters. He highlighted Bitcoin’s decentralized nature, which eliminates the need for intermediaries like bankers who charge high fees for credit applications and paperwork.
Trump also compared the slow adoption of Bitcoin to the gradual acceptance of email as a disruptive technology. He mentioned that emails took 25 years to gain mass adoption since their creation in 1970, and people are generally slow to adapt to new technologies.
Furthermore, Trump shared a story about a close friend who initially dismissed Bitcoin as “funny money,” but later realized the significance of cryptocurrencies when his own bank created a crypto desk and invested billions of dollars into cryptocurrencies.
In addition to his $1 million prediction, Trump expressed his belief that Bitcoin has the power to transcend borders and institutions. He warned that those who fail to adapt to the technology will lose, and emphasized that banks and governments will have to adapt to the digital revolution.
Trump concluded his speech by congratulating the Bitcoin community for surpassing $100,000 for the first time on record and expressed his love and support for the Bitcoiners and the Trump family.
(Translated by OpenAI)