Eric Trump Predicts Bitcoin Will Hit $1 Million, Highlights China’s Crypto Influence
Hong Kong, August 29, 2025 — Eric Trump, Executive Vice President of the Trump Organization and son of former U.S. President Donald Trump, made a bold prediction at the Bitcoin Asia 2025 conference in Hong Kong, stating that Bitcoin will definitely reach a price of $1 million in the near future.
Speaking on a panel during the two-day event, which attracted over 20,000 attendees, Eric Trump cited surging institutional demand and Bitcoin’s limited supply as the key reasons behind the cryptocurrency’s astronomical price potential. “There’s no question bitcoin hits $1 million,” Trump confidently declared.
Currently, Bitcoin trades around $110,000, up 18% so far this year, though it remains well below Trump’s ambitious forecast. Earlier in 2025, he also predicted that Bitcoin would reach $175,000 by the end of the year before continuing its rise toward the million-dollar mark.
Trump Family’s Expanding Crypto Ventures
The Trump family’s involvement in the cryptocurrency space has deepened significantly over the past year. Eric Trump and his brother Donald Trump Jr. co-founded American Bitcoin, a Bitcoin mining company that owns approximately 20% of the venture, with the remainder held by Hut 8 Mining Corp. This company recently raised $220 million in funding and is preparing to go public on Nasdaq through a merger with Gryphon, signaling major ambitions in the crypto industry.
Hong Kong and China’s Role in Cryptocurrency
During his talk, Eric Trump also praised China’s influence in the cryptocurrency ecosystem, referring to the nation as a “hell of a power” despite Beijing’s ongoing ban on crypto trading and mining since 2021. His comments highlighted the geopolitical dynamics shaping the digital currency market.
Hong Kong itself has become an increasingly important hub for cryptocurrency development and investment, thanks to its crypto-friendly regulatory stance, including a new stablecoin regulatory framework introduced earlier this year. Trump’s presence and warm remarks about Hong Kong’s role underline the city’s growing attraction for global crypto stakeholders.
Global Expansion and Future Plans
Beyond Hong Kong, Eric Trump is reportedly preparing to attend a shareholder meeting for Metaplanet in Tokyo, a Japanese digital asset company inspired by major Bitcoin institutional investors. This underlines the Trump family’s plan to expand their crypto footprint into Asia further. Eric Trump described himself publicly as a “bitcoin maxi,” dedicating much of his professional time to Bitcoin-related projects and promising long-term growth.
Market Impact and Reception
Trump’s prediction has generated both excitement and debate within the cryptocurrency community. Supporters see the potential for institutional investment and limited supply to drive prices dramatically higher. Critics, however, urge caution given Bitcoin’s historic volatility and unpredictable regulatory environment worldwide.
Nevertheless, Eric Trump’s statements illuminate the growing acceptance of Bitcoin as a mainstream asset among high-profile investors and families as well as institutional entities around the world.
Summary
- Eric Trump confidently predicts Bitcoin will hit $1 million, citing institutional demand and supply limits.
- The Trump family’s crypto company, American Bitcoin, recently raised $220 million and plans a Nasdaq listing.
- Trump praised China’s crypto role despite Beijing’s regulatory crackdown and highlighted Hong Kong’s expanding market.
- He plans further international involvement, including activities in Japan.
As Bitcoin continues to evolve, the involvement of influential figures like Eric Trump and the expanding footprint of crypto mining operations may accelerate the market’s growth and innovation globally.