Bitcoin News Today: Eric Trump Bets Bitcoin’s Future on Institutional Trust and Global Geopolitics

Eric Trump , the executive vice president of the Trump Organization and son of former U.S. President Donald Trump, made a striking prediction at the Bitcoin Asia conference in Hong Kong, declaring that the Bitcoin price will "definitely" reach $1 million [1]. His remarks, delivered during a panel discussion with David Bailey, emphasized the role of institutional demand and Bitcoin’s limited supply as the key factors driving the asset’s long-term price trajectory. The Bitcoin price currently trades at approximately $110,000, a 18% increase year-to-date, but remains significantly below the one million dollar threshold proposed by Trump [1].

The Bitcoin Asia conference, held in Hong Kong, drew over 20,000 attendees—triple the number from the previous year—highlighting the growing global interest in the cryptocurrency ecosystem and the Trump family’s expanding presence in the space [1]. Eric Trump also noted the Trump Organization’s involvement in American Bitcoin, a mining company co-founded with his brother, Donald Trump Jr. The company, which has raised $220 million, is preparing for a Nasdaq listing through a merger with Gryphon [1]. During the event, Trump highlighted his role on the board of advisors at Japan’s Metaplanet, a Bitcoin treasury company, underscoring the international reach of his Bitcoin-related activities [1].

Trump’s bullish stance on Bitcoin aligns with broader trends in institutional adoption. He cited the growing involvement of sovereign wealth funds, Wall Street firms, and retirement accounts in Bitcoin investments, signaling a shift from speculative trading to institutional integration. Trump described Bitcoin as "the greatest store of value ever created" and "the world’s greatest asset," reinforcing his belief in its potential as a long-term store of wealth [3]. According to the Trump Organization, American Bitcoin’s production cost per Bitcoin is approximately $37,000, and the company currently accounts for around 3% of global Bitcoin production [3].

Geopolitical dynamics also played a central role in Trump’s remarks. While acknowledging China’s stringent regulatory environment, which includes a full ban on crypto trading and mining, he credited the country for maintaining a significant technological influence in the Bitcoin ecosystem. China, despite its restrictions, is believed to hold approximately 16.61% of the global Bitcoin hashrate and may hold up to 190,000 BTC—though this figure is debated [3]. Trump praised China’s blockchain expertise and its development of a digital yuan, suggesting that the country’s strategic role in crypto could extend beyond regulation [3].

Trump also highlighted the United States’ progress in crypto policy under his father’s administration, claiming that more advancements have occurred in the past seven months than in the previous decade [1]. He positioned the U.S. as a leader in the “digital revolution,” with strong political and institutional support accelerating adoption. This narrative reflects a broader push to frame Bitcoin not as a speculative asset but as a serious financial infrastructure with robust technical and economic foundations [3].

Eric Trump’s comments have sparked mixed reactions in the crypto community, with some viewing his prediction as overly optimistic and others as a sign of Bitcoin’s long-term potential [3]. As institutional adoption continues to grow and global regulatory frameworks evolve, the future price trajectory of Bitcoin remains a topic of intense debate. Trump’s bold forecast, however, underscores the increasing influence of high-profile figures and geopolitical forces in shaping the cryptocurrency landscape.

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