Key Highlights
- Eric Trump expects Bitcoin to reach $1 million and says he’s very bullish on it.
- He noted Bitcoin has risen about 70% over the last 10 years but is still volatile.
- He mentioned that major financial institutions such as Fidelity, JPMorgan, and BlackRock are adopting cryptocurrencies.
Eric Trump, the son of U.S. President Donald Trump, said he expects Bitcoin to reach $1 million and that he has “never been more bullish on Bitcoin” in his life. He made remarks at the inaugural World Liberty Forum held on Wednesday at Mar-a-Lago in Palm Beach.
During an interview with CNBC, he described Bitcoin as one of the greatest-performing asset classes and reflected on how far the token has come, comparing the time when it was trading for $16K to the present time.
Eric added that Bitcoin has surged about 70% in the last 10 years but acknowledged that the cryptocurrency is volatile. However, he said investors who can handle the volatile market should invest in less volatile markets like treasury or bonds.
“You look at every one of the big financial institutions in the country, whether be fidelity, whether be charles schwab, whether be J.P.Morgan, whether be blackrock …. every single one of them are adopting cryptocurrency,” he said.
At the time of writing, Bitcoin is trading at $67,168, down a modest 0.04% in the last 24 hours, with a market value of around $1.34 trillion.
Trump family expands its Bitcoin business
This is not the first time Eric has made the prediction. Last year, during the Asia Conference in Hong Kong, he made the same prediction, saying that “There’s no question bitcoin hits $1 million.” At the time, Bitcoin was trading for $110,000, up 18% in 2025.
The remarks come as the Trump family expands its Bitcoin and crypto portfolio. Eric and his brother Donald Trump Jr. co-founded American Bitcoin, a mining company where the Trump brothers own about 20%, and Hut 8 owns the rest.
In November 2025, the company raised $220 million and announced plans to list on Nasdaq through a merger with Gryphon.
Eric also serves on the board of advisors of Metaplant, a Japan-based Bitcoin treasury company, and has publicly praised its CEO, Simon Gerovich.
He also highlighted the changes in U.S. crypto policy, saying, “We went from 0 to 100 instantaneously,” and called America “winning the digital revolution” because of government support and help from big financial firms and investment funds.
Bitcoin faces market pressure
Despite bullish forecasts, Bitcoin remains under pressure. The asset is currently more than 45% below its all-time high from October 2025, when it was trading for $126,000. According to a previous report, recent on-chain data shows signs of stress in the market, especially among long-term holders.
Data from CryptoQuant shows that long-term holders have been increasing their inflow to major exchanges such as Binance, which suggests selling pressure.
“In this context, rising LTH inflows can be interpreted as a sign of intensifying selling pressure, even as the broader correction continues to unfold,” CryptoQuant analyst Darkfost noted. More data shows the Long-Term Holder SOPR has fallen below 1, meaning some long-term investors are selling at a loss for the first time since the 2023 bear market.
Meanwhile, altcoins have recorded a net outflow of $209 billion over the past 13 months, excluding Bitcoin and Ethereum, according to CryptoQuant analyst IT Tech. “Retail is out. Smart money rotated. No institutional alt accumulation in sight. This is not a dip. It’s 13 months of continuous net selling on CEX spot,” he wrote.
Also Read: Bitcoin Sinks 45% From ATH: Why Even Long-Term Holders Are Selling
