Trump's son: "Bitcoin will be $1 million"
Eric Trump, the son of Donald Trump, who was elected as the 47th president of the United States, stated that the price of Bitcoin ($BTC ) will reach $1 million.
Eric Trump, the son of Donald Trump, gave the opening speech at the Bitcoin MENA event held in Abu Dhabi. Eric evaluated Bitcoin as a financial paradigm and a global asset. Arguing that Bitcoin will positively affect the global economy, Eric claimed that the leading cryptocurrency will one day reach $1 million.
Eric Trump, the son of American businessman and US President Donald Trump, predicted that more countries will adopt Bitcoin in the coming years. Emphasizing that early adopters of Bitcoin will be among the winners, Eric used the following statements; "Bitcoin is not just an investment"
Eric, stating that Bitcoin is a global asset, stated that the digital asset is a protection tool against inflation, natural disasters and the political climate. Trump's son stated that one of the most important elements that makes Bitcoin valuable is its limited supply.
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Eric, who criticized traditional finance, noted the following; “Unlike tens of thousands of bankers who handle loan applications and paperwork for exorbitant fees, Bitcoin has a structure that does not require any intermediaries.”
According to Eric, traditional finance actors will have to adapt to Bitcoin. Eric argued that states will also adapt to Bitcoin in the future.
Trump’s son concluded his speech as follows;
“Bitcoiners, I love you. The Trump family loves you.”
