|
Getting your Trinity Audio player ready...
|
- Eric Trump says institutional adoption could drive Bitcoin toward $1 million.
- Trump family expands crypto exposure through mining and treasury ventures.
- On-chain data shows selling pressure despite long-term bullish narratives.
Eric Trump, son of U.S. President Donald Trump, has reiterated his bold forecast that Bitcoin could eventually reach $1 million, signaling strong confidence in the cryptocurrency’s long-term trajectory. Speaking at the inaugural World Liberty Forum hosted at Mar-a-Lago, Trump described Bitcoin as one of the strongest-performing asset classes of the modern era and said he has “never been more bullish” on the digital asset.
In an interview with CNBC, Trump emphasized the scale of institutional adoption now underway, arguing that large financial firms are increasingly embracing crypto infrastructure and products.
Institutional Adoption Strengthens Bitcoin Narrative
Trump pointed to major investment firms such as Fidelity Investments, Charles Schwab, JPMorgan Chase, and BlackRock as evidence that Bitcoin has moved into the financial mainstream. He argued that institutional involvement has shifted crypto from a fringe experiment to a core financial technology.
His optimism comes as the Trump family deepens its own exposure to the sector. Eric Trump and Donald Trump Jr. helped launch American Bitcoin, a mining venture majority-owned by Hut 8. The firm raised significant capital in late 2025 and plans to go public through a merger tied to Nasdaq and Gryphon Digital Mining.
Trump also serves as an advisor to Metaplanet and has praised CEO Simon Gerovich for advancing corporate Bitcoin treasury strategies.
Market Reality: Price Pressure and Selling Signals
Despite bullish rhetoric, Bitcoin’s current market structure remains fragile. Prices sit far below the October 2025 peak, and blockchain analytics from CryptoQuant show long-term holders increasing transfers to exchanges like Binance — often a sign of selling pressure.
Analysts note that some long-term investors are realizing losses for the first time since the previous bear cycle. Meanwhile, capital continues to rotate away from many altcoins, suggesting investors are consolidating around fewer large assets rather than expanding risk.
Also Read: Eric Trump Criticizes New York City Bureaucracy Over Construction Delays
Policy Tailwinds vs. Market Uncertainty
Trump also credited shifts in U.S. policy and institutional support for accelerating the country’s position in what he described as the “digital revolution.” Still, even strong political backing and corporate adoption have not shielded Bitcoin from short-term volatility.
For now, Trump’s $1 million forecast reflects long-term conviction rather than immediate market expectations. While institutional adoption continues to grow, current on-chain data suggests investors remain cautious — highlighting the ongoing tension between bullish narratives and market reality.
`Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.`
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
