Eric Trump Stands Firm on $1 Million Bitcoin Prediction
Eric Trump reiterated his confident $1 million Bitcoin forecast, attributing the surge in institutional demand and slow mainstream adoption as pivotal factors.
Eric Trump remains resolute in his bold prediction for Bitcoin [BTC], forecasting a staggering $1 million price target.
During a recent event, he once again voiced his conviction that BTC is on a trajectory towards hitting the seven-figure mark “without a doubt.”
His unwavering belief comes at a time when Long-Term Holders (LTHs) show resilience, with investors who entered the market near the peak of 2021 continuing to hold onto their positions steadfastly. This resilience suggests that the support levels for Bitcoin may be stronger than skeptics anticipate.
Eric Trump’s $1 Million BTC Prediction
Speaking at the Bitcoin Asia 2025 conference in Hong Kong, Eric Trump, the co-founder of “American Bitcoin,” made it clear that he sees no limits to BTC’s potential.
Reaffirming his $1 million price target, Trump highlighted the widespread adoption of Bitcoin among nation-states, Fortune 500 companies, and affluent families, all vying to secure their stake in the digital asset.
In a statement, he emphasized, “You’ve got nation-states that are buying the hell out of Bitcoin. You’ve got Fortune 500 companies that are buying the hell out of Bitcoin. You’ve got the biggest families, you’ve got the biggest companies on Earth that believe in this digital store of value.”
Despite the increasing interest, he argued that Bitcoin investors are still in the early stages, with mainstream adoption yet to reach its full potential. Trump believes that the gap between institutional demand and wider public participation sets the stage for Bitcoin’s explosive future.
He further added, “Everybody wants Bitcoin. Everybody is buying Bitcoin.”
LTHs Uphold the Market
Institutional investors are not the only driving force behind Bitcoin’s momentum. On-chain data indicates that long-term believers in Bitcoin are providing support from below.
The 6-12 month UTXO band has maintained a dominance of over 20%, a level not seen since the peak of 2021.
This suggests that a significant number of investors who bought Bitcoin near its previous all-time highs are still holding onto their investments, even as prices have surged well above $100,000.
This creates a substantial psychological floor in the market: if these investors did not sell during the previous peak, they are unlikely to do so now.
Source: CryptoQuant
Source: TradingView
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