Eric Trump, executive vice president of the Trump Organization, addressed the Bitcoin MENA event in Abu Dhabi on December 10. He predicted Bitcoin’s price would hit $1 million per coin driven by its fixed supply of 21 million coins and growing global demand. Trump described Bitcoin as a “store of value, a hedge against inflation and a safeguard against political and natural risks.”

Source: Cointelegraph 

Bitcoin’s current price is $97,604 up 160% from January 2024 when it was trading at $37,500. Trump emphasized Bitcoin’s increasing adoption stating that more governments would recognize its potential as a strategic reserve asset by 2030. He predicted early adopters would see significant gains projecting a tenfold increase in value over the next decade.

Quick Takes:

• Bitcoin to $1 Million: Eric Trump predicts Bitcoin will hit $1 million per coin due to its fixed supply of 21 million coins and increasing global demand.
• Current Price Surge: Bitcoin trades at $97,604 today, up 160% from $37,500 in January 2024.

• Global Adoption: Bitcoin adoption grew 87% in 2024, with over 420 million users worldwide. Emerging markets drive growth through remittances and savings.
• Institutional Involvement: Spot Bitcoin ETFs attracted $33.6 billion in inflows in 2024, with institutional portfolio allocations expected to rise from 4% to 8% by 2025.
• Scarcity Drives Demand: Only 1.8 million Bitcoin remain to be mined out of the 21 million total supply, making it a unique and finite asset.

Bitcoin is reshaping global finance. Eric Trump, executive vice president of the Trump Organization predicts Bitcoin will reach $1 million per coin. Speaking at the Bitcoin MENA event in Abu Dhabi on December 10 Trump highlighted Bitcoin’s fixed supply of 21 million coins, its utility as a store of value and its role as a hedge against inflation and political risks. Trump’s bold prediction reflects the growing recognition of Bitcoin’s transformative potential.

Eric Trump addressed Bitcoin MENA and called Bitcoin a global store of value and a safeguard against economic instability. He emphasized its scarcity with a fixed supply of 21 million coins. Trump stated that this limited supply combined with rising demand forms the foundation for his $1 million prediction.

“Bitcoin is not just an asset,” Trump said. “It is a hedge against inflation, political turmoil and acts of nature.” He described Bitcoin as a tool for preserving wealth long-term free from the vulnerabilities of fiat currencies.

Bitcoin trades at $97,604 today up 160% from $37,500 in January 2024. Trump highlighted this growth as evidence of Bitcoin’s rising importance. He predicted that by 2030 more governments would adopt Bitcoin as a strategic reserve asset fueling further demand and price growth.

Read More: Trump’s Win Fuels Crypto Hopes as Bitcoin Hits New Highs and Memecoin Platform Pump.Fun Soars $30.5 million: Nov 7

Source: KuCoin

Trump’s prediction aligns with Bitcoin’s expanding adoption worldwide. In 2024 spot Bitcoin ETFs attracted $33.6 billion in inflows. Institutional portfolios allocated an average of 4% to Bitcoin, a figure expected to double by 2025.

Emerging markets play a major role. In nations with unstable currencies, Bitcoin is used for remittances and savings. Global adoption rose by 87% in 2024 with over 420 million people owning or using Bitcoin. Trump stressed that early adopters would benefit most. He projected Bitcoin’s value could increase tenfold within a decade creating major opportunities for investors who act now.

Bitcoin’s finite supply sets it apart from fiat currency. Unlike fiat currencies which governments can print without limit Bitcoin’s total supply is fixed at 21 million coins. By December 2024 19.2 million coins had been mined leaving fewer than 1.8 million to be created.

This scarcity increases demand especially as inflation erodes the value of traditional currencies. Central banks and governments are starting to consider Bitcoin as a reserve asset. The US government has discussed creating a Bitcoin reserve which could trigger a global race among nations to secure holdings.

Bitcoin remains strong despite market volatility. In 2024 Bitcoin outperformed gold which rose 12% and the S&P 500 which gained 17%. Bitcoin’s 160% increase reflects its ability to attract investors during uncertain times.

Trump noted that Bitcoin offers protection during geopolitical conflicts, economic instability and natural disasters. He described it as essential for safeguarding wealth in a volatile world.

Eric Trump’s prediction of Bitcoin reaching $1 million highlights its growing influence in global finance. Bitcoin’s fixed supply, rising adoption and ability to hedge against economic risks position it as a key financial tool. As more governments and institutions adopt Bitcoin its global impact will grow. Trump’s vision at Bitcoin MENA underscores the opportunities for those who invest now and cements Bitcoin’s role in reshaping the future of finance.