Eric Trump predicts Bitcoin will hit $1 million per cryptocurrency, calling it a key part of the financial revolution. He criticized Biden’s regulation, credited his father for Bitcoin’s rise past $100,000, and highlighted Bitcoin’s advantages over traditional finance. He vowed that the Trump family would continue to support digital assets.
Eric Trump, Vice Chairman of the Trump Organization, delivered a powerful speech at the Bitcoin MENA 2024 conference in Abu Dhabi on December 9, following Trump's victory.
Eric Trump Predicts Bitcoin
Eric predicted that bitcoin would soon surpass the $1 million mark and called it “the cornerstone of a financial revolution.” In his speech, Eric described bitcoin as a “global asset” and highlighted its importance in a world increasingly threatened by inflation, political instability, and natural disasters.
“Bitcoin is the future of finance,” he said, noting that its decentralized nature and fixed supply of 21 million coins make it a powerful hedge against the inefficiencies of the traditional financial system. “Bitcoin eliminates the need for tens of thousands of bankers who impose paperwork for exorbitant fees,” Eric added, making a strong argument for how cryptocurrency can simplify global transactions.
He also took the opportunity to criticize the Biden administration's stance on cryptocurrencies, accusing it of waging a "war" on the sector through aggressive regulatory measures, including lawsuits filed by the Securities and Exchange Commission (SEC).
Eric highlighted the collapse of FTX as a turning point for the industry, noting that the actions of the previous administration carried these uncertainties.
Trump's Role in Bitcoin
“Under my father’s leadership, America will lead the digital revolution,” he said, receiving loud applause from many protesters wearing “Make Bitcoin Great Again” caps.
He credited President-elect Donald Trump with propelling Bitcoin past the $100,000 mark, saying, “When Bitcoin hit $100,000, I immediately called my dad to tell him the good news.” He added that those who embrace Bitcoin today, including governments and institutions, will be the biggest winners from the digital revolution.
“Bitcoin is instantly liquid, borderless, and it’s a global currency,” he said. “It’s not dependent on traditional banking systems. It’s not subject to government corruption.”
He added that the price of Bitcoin would continue to climb, eventually reaching $1 million per coin. “A lot more eyes will be opened when Bitcoin hits $1 million, and I’m sure it will hit $1 million.”
“This is a change in the way companies like ours get money,” he explained, referring to the Trump Organization’s involvement in cryptocurrencies. Eric promised that the Trump family would remain strong supporters of digital assets, ensuring they continue to play an important role in the global financial landscape.
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