‘The Floodgates Are Opening’: Eric Trump Sees Bitcoin Hitting $1 Million

Bitcoin Magazine

‘The Floodgates Are Opening’: Eric Trump Sees Bitcoin Hitting $1 Million

Eric Trump, co-founder of American Bitcoin and executive vice president of the Trump Organization, declared that crypto is set to revolutionize finance, calling bitcoin “digital gold” and predicting it could eventually hit $1 million. 

Speaking on Making Money with Charles Payne, Trump argued that crypto and bitcoin is not speculative, but a necessary evolution in the traditional financial system.

“My epiphany came when I got debanked by everyone,” Trump said. “Capital One sent me a letter in the middle of the night stripping 300 bank accounts from [our properties] for doing absolutely nothing wrong.”

Trump told Payne that he met people in the crypto space and realized how brilliant they were and how “antiquated modern finance” had become.

Trump painted a picture of traditional banking as slow and cumbersome and how crypto could speed up financial interactions.

“It took me 120 days to get a mortgage from a bank I’d banked with for 25 years,” he said. “Every week I was chasing SWIFT wires coming into or leaving hotels…Bitcoin is the way of the future.” 

Trump said that bitcoin allows the instant transfer of hundreds of millions with almost no fees.

Bitcoin vs. Gold

Eric Trump emphasized bitcoin’s limited supply as a key differentiator from gold.

“Gold can be found if the price goes up. With bitcoin, there will never be 21 million and one coins. There will always be 21 million,” Trump said. 

Trump said that unlike gold, which is heavy and cumbersome to move, bitcoin is finite, portable, and liquid. You can sell it from your phone at 11:00 p.m., he said.

Trump emphasized that stablecoins can serve as a way to safeguard the U.S. dollar. He pointed out that cryptocurrency allows people worldwide who lack trust in their governments to hold digital U.S. dollars through stablecoins pegged 1:1 to the Treasury, offering a secure, fast, and global hedge.

On adoption, Trump noted that major financial institutions are finally embracing crypto. 

“You look at what all the major banks are doing… for the first time, people don’t need a ledger; they can buy bitcoin through mainstream banks,” Trump said. 

Looking ahead, he expressed confidence in bitcoin’s explosive growth. “I do think it will hit $1 million eventually. I’ve never been more bullish.”

Trump’s passion for crypto is intertwined with his family’s political journey. He credited his entry into the space to being “debanked” and censored, framing cryptocurrency as part of a broader fight for freedom and financial sovereignty.

American Bitcoin, he concluded, that the company is going to be one of the best Bitcoin companies anywhere in the world.

This post ‘The Floodgates Are Opening’: Eric Trump Sees Bitcoin Hitting $1 Million first appeared on Bitcoin Magazine and is written by Micah Zimmerman.