Eric Trump, executive vice president of the Trump Organization and son of U.S. President Donald Trump, made bold predictions about bitcoin’s future price trajectory during his appearance at the Bitcoin Asia conference in Hong Kong on Friday, telling attendees that the Bitcoin price will “definitely” reach $1 million.
“There’s no question bitcoin hits $1 million,” Eric Trump declared during a panel discussion with David Bailey, citing surging institutional demand and its limited supply as key drivers for the astronomical price target. The Bitcoin price currently trades around $110,000, having risen 18% this year, but still remains well below Trump’s ambitious forecast.
Eric Trump’s appearance at the two-day Hong Kong event, which attracted more than 20,000 attendees—triple last year’s numbers—highlighted the growing global influence of the Bitcoin industry and the Trump family’s deepening involvement in it.
During his talk, Trump also praised China’s role in the Bitcoin and crypto ecosystem, calling the nation a leading force in Bitcoin and crypto despite Beijing’s ban on crypto trading since 2021.
The comments come as the Trump family has significantly expanded its Bitcoin and crypto ventures over the past year. Eric Trump and his brother Donald Trump Jr. co-founded American Bitcoin, a mining operation that is approximately 20% owned by the Trump brothers and the remainder by Hut 8. The company recently raised $220 million and is planning a September Nasdaq debut through its merger with Gryphon.
Eric Trump emphasised the dramatic shift in U.S. crypto policy under his father’s administration, claiming more progress has been made on Bitcoin and crypto in the seven months since President Trump’s return to office than in the previous decade. “We went from 0 to 100 instantaneously,” he said, describing America as “winning the digital revolution” thanks to strong political backing and institutional support from Wall Street firms, sovereign wealth funds, and retirement accounts.
Trump also highlighted his involvement with Japanese Bitcoin treasury company Metaplanet, where he serves on the board of advisors. He praised the company’s president and CEO, Simon Gerovich, during his panel discussion, reflecting the growing international network of Bitcoin-focused enterprises.
Eric Trump’s bullish Bitcoin price prediction reflects growing institutional confidence in its long-term prospects, and the Bitcoin Asia conference underscored Hong Kong’s rising role in the global Bitcoin landscape.