Eric Trump Predicts Bitcoin Will Reach $1 Million Amid Increasing Demand

Eric Trump outlined a bullish perspective on Bitcoin during the Bitcoin Asia conference on August 29, suggesting it could reach $1 million due to supply and demand dynamics. Key points include:

High institutional interest coinciding with Bitcoin's capped supply of 21 million coins.
Long-term accumulation strategy recommended: "Buy right now. Shut your eyes. Hold it for the next five years."
Broadening ownership channels among retirement plans and major financial institutions.
Trump's company, American Bitcoin, claims to produce about 3% of the world’s daily Bitcoin supply.
Bitcoin's evolving utility is emphasized, being termed as “digital gold” with increasing use cases.
Current BTC price stands at $110,149.

Bitcoin price