Speaking at the Bitcoin MENA 2024 conference, Donald Trump’s son Eric Trump made an astonishing Bitcoin price prediction. Eric claimed that Bitcoin would reach the $1 million price target in the future, adding that the world would recognize BTC at that point.
Donald Trump’s son Eric Trump’s Bitcoin price statement
During his speech at the conference, Eric Trump showed an optimistic stance on Bitcoin, emphasizing its recent success in reaching $100,000. He also highlighted that Bitcoin has enormous market potential.
The son of U.S. President Donald Trump said: “I believe in BTC.” These statements also emphasized his father’s pro-crypto stance. According to Eric, his father was the first U.S. President to take steps supporting Bitcoin, marking an important turning point for BTC.
Eric Trump also said, “The U.S. will lead the digital revolution,” sparking hope in the market due to the U.S.’s efforts toward adopting cryptocurrencies. This comes amid recent support from both the United States and Russia, leading to expectations of a significant market surge in the cryptocurrency sector.
Expectations are rising in the cryptocurrency market
Eric Trump’s remarks have increased optimism about BTC reaching its $1 million target. This optimism has grown further with market news such as the resignation of Gary Gensler (a known crypto skeptic) and the appointment of Paul Atkins as the new SEC Chair. Eric added, “I am absolutely certain Bitcoin will hit $1 million. People are still unaware of what’s happening, but when BTC reaches $1 million, everyone’s eyes will open.”
Meanwhile, corporate investors are showing increased interest in Bitcoin. For instance, mining company Riot Platforms announced plans to make a $500 million BTC purchase. Additionally, the mining giant MARA is accelerating its BTC buying plans. These developments are leading to increased demand for Bitcoin and strengthening investor sentiment. As reported by Kriptokoin.com, Microsoft and Amazon are also considering critical BTC decisions.
Both companies are evaluating Bitcoin treasury additions. Microsoft shareholders are scheduled to vote on this matter around 19:00 this evening. This decision comes at a pivotal time as BTC prices test the critical $100,000 threshold. At the time of writing, BTC is trading at $97,802, marking a 1% decline. Its lowest level in the last 24 hours was $94,355.91. Bitcoin’s weekly chart shows a 4% increase, while the monthly performance shows a 22% rise.
