Bitcoin MENA 2024: Donald Trump’s Son Eric Says Bitcoin Price Will Hit $1 Million

Eric Trump at Bitcoin MENA 2024: Pushing for a Crypto Future with Donald Trump’s Vision for America as the Global Crypto Hub
Bitcoin Hits $100k: Eric Trump Embraces Crypto at Bitcoin MENA 2024, Supporting His Father’s Plan to Make America a Crypto Powerhouse
Eric Trump took the stage at the Bitcoin MENA conference, showcasing the Trump family’s growing involvement in the cryptocurrency space.
This marks a key moment, as it aligns with his father, Donald Trump’s, shifting stance on digital currencies—from initial skepticism to a more supportive position, particularly following his 2024 election victory.
At the conference, he said,
“I absolutely love Bitcoin. It has got a very special place in our heart. I truly believe this is the future. I think Bitcoin is the fundamental shift.
A lot of eyes were open when Bitcoin hit $100k and alot of eyes will be open when Bitcoin hits $1 Million and i’m confident it will hit $1 million.”
“Our concrete came from Chicago to build Burj Khalifa. Our family build real estate. But for the 1st time there is an asset that is revolutionary. It has the potential to be more powerful than anything we have seen before,”
He added: Eric Trump expressed confidence in his father, Donald Trump, becoming a “crypto president” and making America the global hub for cryptocurrency.
He said that while Gary Gensler and others have waged war against the crypto industry, Trump is committed to supporting it.
“I really believe this is the future of finance,” Eric said, adding that under Trump, America will lead in the crypto space.
He also said that Donald Trump would be the first president to speak at a crypto conference, showing his embrace of the industry. “We are going to make America great again,”
Eric concluded:Bitcoin Hits $100k
Bitcoin recently reached a historic milestone, hitting $100,000, fueled by expectations of a friendlier U.S. regulatory approach under President-elect Donald Trump.
Investors are optimistic that his administration will trigger a boom for cryptocurrencies. This price surge caps a year where Bitcoin’s value more than doubled.
Trump has been vocal about his support for digital assets, pledging to make the U.S. the “crypto capital of the planet.”
He has promised to accumulate a national Bitcoin stockpile and create a crypto advisory council. In September, he and his sons launched a new crypto business, World Liberty Financial.
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At the Bitcoin MENA 2024 conference in Dubai, Binance co-founder Changpeng “CZ” Zhao shared his vision for Bitcoin’s future. During a panel discussion, he emphasized that Bitcoin should be viewed not as a separate asset but as regular money.
“We shouldn’t call it Bitcoin—it’s just money,” Zhao stated, expressing confidence that cryptocurrency adoption will grow significantly in the coming years.
CZ stressed that the official recognition of Bitcoin at the government level would inevitably lead to an increase in its value. This growth, he explained, is based on the fundamental principles of supply and demand. Currently, only 5–10% of the global population owns Bitcoin, but this number is expected to grow exponentially.
“We haven’t yet crossed the critical threshold, which is usually around 20%. However, in the coming years, Bitcoin will achieve broader adoption—50%, 70%, or even 100%. Although, this process might take several generations,” CZ noted.
A key highlight of his speech was the comparison of Bitcoin to gold. Zhao believes that Bitcoin’s market capitalization will eventually surpass that of gold, which is currently estimated at approximately $18 trillion. This shift, he suggested, could drive the price of a single Bitcoin to between $850,000 and $921,000.
“Bitcoin outperforms gold in many aspects. Its limited supply, ease of use, and convenience of storage make it a much more versatile asset. Over time, it will become the leading tool for preserving and transferring value,” Zhao explained.
Zhao’s remarks came amid growing discussions in El Salvador about Bitcoin-related legislation. Reports suggest that the country’s government is working on easing regulatory requirements for using Bitcoin as an official currency to attract additional funding from the International Monetary Fund.
Meanwhile, analysts at Bitwise predict that Bitcoin could reach a value of $200,000 by the end of 2025. If the United States adopts a strategic Bitcoin reserve policy, the price could exceed $500,000. By 2029, Bitcoin is expected to surpass gold in market capitalization.

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