At the recent Bitcoin Asia 2025 conference, Eric Trump made waves with his bold prediction that Bitcoin is poised to reach $1 million per coin. Speaking at the event held at the Hong Kong Convention and Exhibition Centre, Trump, who is the executive vice president of the Trump Organization and son of former U.S. President Donald Trump, touted Bitcoin as a global store of value that is gaining traction among governments, corporations, and institutional investors.
During his speech, Trump emphasized the increasing adoption of Bitcoin by nation-states, Fortune 500 companies, and major families around the world. He asserted that the growing demand for Bitcoin would drive its price to $1 million, sparking both excitement and debate among attendees and on social media.
One of the most controversial aspects of Trump’s speech was his praise for China’s role in the crypto industry. Despite China’s ban on cryptocurrency trading in 2021, Trump lauded the country as a significant player in the digital asset economy. He also highlighted the Middle East’s embrace of crypto as a major development in the industry.
Trump positioned the competition between the U.S. and China as pivotal to the future of digital finance, asserting that both countries are leading the way in cryptocurrency. He credited his father’s administration for making significant progress in the digital asset space, including regulatory changes and increased institutional involvement.
In addition to his remarks on the geopolitical landscape of crypto, Trump emphasized the diverse and inclusive nature of the Bitcoin community, describing it as a unifying force for humanity. He encouraged investors to hold onto their Bitcoin for the long term, reiterating his belief that the price of the digital asset could soar to $1 million.
Trump’s comments coincided with a brief dip in Bitcoin’s price, but they reignited discussions about Bitcoin’s role as a hedge against inflation and a digital reserve asset. The Trump family’s involvement in the crypto industry has been expanding, with ventures like American Bitcoin, a mining company backed by Eric and his brothers, preparing for a Nasdaq debut.
American Bitcoin is in talks to acquire a publicly listed firm in Japan as part of its efforts to expand its Bitcoin reserves. The company’s upcoming listing on Nasdaq, under the ticker ABTC, is expected to further raise its profile in the crypto market. Meanwhile, Donald Trump Jr. has joined the advisory board of Polymarket, a blockchain-based prediction platform, signaling his growing interest in the industry.
The Trump family’s increasing involvement in crypto comes amidst a favorable regulatory environment and growing institutional interest in the U.S. market. With Bitcoin trading around $109,600 in London, the family’s crypto ventures are attracting global attention and fueling speculation about the future of the digital asset.