Eric Trump Embarrasses Himself Again, Predicting Bitcoin Will Rise to $1 Million
US President Donald Trump’s son Eric will once again fall into disrepute by predicting that Bitcoin will rise in price to $1 million.
Last year, during a speech at a conference, Bitcoin MENA in Abu Dhabi Eric said that the price of BTC will rise to $1 million, and people who invested in the cryptocurrency early will succeed because they will be able to multiply their capital greatly. However, the digital asset’s peak in the current cycle was only $124,517, and trader Peter Brandt predicted 50% reduction in coin value.
Bitcoin exchange rate fluctuation boundaries, indicated by a parabolic slope
The chart above shows that BTC is nowhere near $1 million in the foreseeable future. However, Eric remains adamant that this barrier will be breached within the next few years.
Governments are buying Bitcoin. Fortune 500 companies are buying Bitcoin. The richest families, the largest businesses on Earth believe in this digital store of value. Everyone wants Bitcoin. Everyone is buying Bitcoin.
It’s amazing, that’s why I’ve always said and continue to say that Bitcoin will rise in price to $1 million. There is no doubt that the bitcoin rate will reach $1 million, Trump said at the conference Bitcoin 2025 Asia in Hong Kong.
Currently, the capitalization level of BTC, which is worth $108,408, is $2,15 trillion. Accordingly, to increase the value of the coin to $1 million, it is necessary to invest $19,9 trillion, if we do not take into account the increase in the number of coins in circulation due to mining. Theoretically kriptovalyuta may attract such a volume of investment, but it is unlikely to happen within the next decade.
