Eric Trump, vice president of the Trump Organization, made a bold prediction during his speech at the Bitcoin MENA 2024 conference in Abu Dhabi on December 9. Speaking to an audience of crypto enthusiasts and industry leaders, Trump forecasted that Bitcoin would reach $1 million per coin, calling it a cornerstone of the ongoing financial revolution.

Bitcoin as a Global Financial Revolution

In his address, Eric Trump emphasized Bitcoin’s role as a transformative global asset, praising its ability to act as a hedge against inflation, political instability, and systemic inefficiencies in traditional finance.

“Bitcoin is the future of finance,” he stated, highlighting the cryptocurrency’s decentralized nature and its fixed supply of 21 million coins. Trump argued that Bitcoin eliminates the need for intermediaries like banks, reducing fees and streamlining global transactions. “It’s instantly liquid, borderless, and a global currency that isn’t subject to corrupt governments,” he added.

Criticism of the Biden Administration

Trump used the platform to critique the regulatory approach of the Biden administration, accusing it of stifling the crypto sector through aggressive measures such as SEC lawsuits. He cited the collapse of FTX as a turning point, blaming previous regulatory actions for creating uncertainty within the industry.

Trump Family’s Role in Bitcoin’s Growth

Eric credited his father, President-elect Donald Trump, for driving Bitcoin’s rise past the $100,000 milestone. “When Bitcoin hit $100,000, I immediately called my father to share the good news,” he shared, attributing the surge to the pro-crypto policies of the Trump administration. He assured the audience that the Trump family remains committed to supporting Bitcoin and digital assets, describing them as integral to the global financial landscape.

Bitcoin’s Path to $1 Million

Trump expressed confidence that Bitcoin’s price will continue to climb, ultimately reaching $1 million per coin. “A lot more eyes will be open when Bitcoin hits $1 million, and I’m confident it’s going to happen,” he said. He framed Bitcoin’s growth as part of a broader shift in how businesses, including the Trump Organization, approach global finance and receive payments.

As the cryptocurrency market navigates its next phase of growth, Eric Trump’s speech underscores the rising influence of digital assets in shaping the future of global finance.