![\"Bitcoin](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/BTCUSDT_2025-08-29_14-06-32.png?resize=1024%2C471\")
<\/p>\n","protected":false},"excerpt":{"rendered":"Eric Trump laid out a bluntly bullish, supply-and-demand case for why Bitcoin can reach $1 million, arguing that accelerating institutional access collides with Bitcoin\u2019s fixed 21 million-coin cap, during a \u201cBitcoin Takes Over the World\u201d session with David Bailey at the Bitcoin Asia conference in Hong Kong on August 29.<\/p>\n
\u201cEverybody wants Bitcoin. Everybody is buying Bitcoin. And that’s uh that’s an incredible thing. And that’s why I’ve always said that I really believe that in the next several years, Bitcoin will hit a million dollars. There’s no question Bitcoin hits a million dollars,\u201d Trump told the audience, adding that \u201cevery person who wants an asset class and you have a very limited supply\u2026 it doesn\u2019t take a genius to figure out where that goes.\u201d He urged long-term accumulation over timing: \u201cBuy right now. Shut your eyes. Hold it for the next five years and you are going to do terrifically well.\u201d<\/p>\n
Trump also recounted his private discussions with high-level investors in the lead-up to the conference: \u201cWhen you’re in the room with certain people and and I had breakfast this morning with, you know, a couple of the most powerful people in the region and the hospitality space and you’re literally sitting there trying to explain to them what digital currency is, you realize how early we all are to this race […] I hear from people all the time, you know, should I get into cryptocurrency? Did I miss it? Am I too late? And I literally start laughing at them. I go, we haven’t even scratched the surface of what Bitcoin is going to be.\u201d<\/p>\n
Trump\u2019s core thesis combined two pillars: finite issuance and broadening distribution rails. He repeatedly emphasized Bitcoin\u2019s provable scarcity\u2014\u201cThere\u2019s only 21 million coins\u2026 It\u2019s finite. And that\u2019s what makes it so damn powerful\u201d\u2014while asserting that channels for ownership have widened to large pools of capital. \u201cIn America, people are buying it for their retirement plans for the first time\u2026 you\u2019ve got trillions of dollars of liquidity that\u2019s opening up,\u201d he said, citing custody at \u201cmajor financial institutions,\u201d as well as uptake by \u201cthe biggest banks,\u201d \u201cthe biggest families,\u201d \u201cFortune 500 companies,\u201d and \u201csovereign wealth funds.\u201d According to Trump, those cohorts are long-term holders: \u201cThose retirement accounts are not letting Bitcoin go. Those companies are not letting Bitcoin go. Those sovereign wealth funds are not letting Bitcoin go.\u201d<\/p>\n
Pressed on what he is hearing in high-level rooms globally, Trump offered another anecdote\u2014without naming the country\u2014about a leader who \u201cliterally [takes] the entire energy supply of a major city in the middle of a winter and uses it to mine Bitcoin because that\u2019s how much they believe in the asset.\u201d He added, \u201cYou realize how early we all are [\u2026] more and more people are finding their inroads,\u201d pointing to improving exchange usability and new consumer on-ramps. \u201cWe\u2019re literally trying to get cryptocurrency to the masses,\u201d he said about World Liberty Financial.<\/p>\n
Trump also highlighted his own commercial exposure to the sector. He described American Bitcoin as \u201cone of the biggest Bitcoin mining companies on Earth,\u201d claiming it produces \u201cabout 3% of the world\u2019s Bitcoin every single day,\u201d operates from \u201csome of the cheapest energy in the world\u2026 in Texas,\u201d and targets a \u201crough cost per\u2026 mining of Bitcoin\u2026 about $37,000,\u201d with plans to list on Nasdaq \u201cvery soon.\u201d Beyond mining, he praised his involvement with MetaPlanet alongside Simon Gerovich\u2014whom he dubbed \u201cthe Michael Saylor of Asia\u201d\u2014saying the company had \u201csingle-handedly changed\u2026 the way [Japan and] a lot of Asia\u201d view Bitcoin.<\/p>\n
The conversation returned repeatedly to Bitcoin\u2019s evolving utility narrative. While calling Bitcoin \u201cdigital gold\u201d and \u201cthe greatest store of value that\u2019s arguably ever been created,\u201d Trump argued its use cases are broadening: \u201cEvery single day they\u2019re figuring out new ways to kind of stake it, to get yield on it, to use it for everyday purchases [\u2026] you\u2019re taking this digital gold [\u2026] and you\u2019re putting massive utility behind Bitcoin.\u201d He framed volatility as an ally for long-term buyers\u2014\u201cVolatility is our friend\u201d\u2014and, with a wink to Michael Saylor\u2019s famous extremism, quipped, \u201cI know obviously he jokes when he says that, but he\u2019s right. Buy it, hold it, and I think you\u2019re going to do extremely well.\u201d<\/p>\n
At press time, BTC traded at $110,149.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Eric Trump laid out a bluntly bullish, supply-and-demand case for why Bitcoin can reach $1 million, arguing that accelerating institutional access collides with Bitcoin\u2019s fixed 21 million-coin cap, during a \u201cBitcoin Takes Over the World\u201d session with David Bailey at the Bitcoin Asia conference in Hong Kong on August 29. Bitcoin\u2019s Path To $1 Million…<\/p>\n","protected":false},"author":1,"featured_media":6819,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[56,55,69,61,120,121,1212],"class_list":["post-6818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-eric-trump"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=6818"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/6818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/6819"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=6818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=6818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=6818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}