Eric Trump, Executive Vice President of the Trump Organization and son of former U.S. President Donald Trump, made a bold prediction that Bitcoin will hit $1 million, citing rising institutional demand and Bitcoin’s limited supply during the Bitcoin Asia conference in Hong Kong on August 29, 2025.
Speaking at the conference, which drew over 20,000 participants—three times the attendance of the previous year—Trump confidently stated, “There’s no question bitcoin hits $1 million” as he discussed the future of the leading cryptocurrency alongside industry experts. The current Bitcoin price, which has recently surged to around $110,000 to $124,000 amid a strong performance this year, remains far from that ambitious target but has fueled optimism within the crypto community.
Beyond his price forecast, Eric Trump also praised China’s significant influence on the global cryptocurrency ecosystem. Despite Beijing’s official ban on crypto trading and mining since 2021, he described China as “a hell of a power” and a leading force in crypto innovation. According to Trump, China’s ongoing experimentation with yuan-backed stablecoins and Hong Kong’s recent stablecoin legislation position the region as a critical player in the digital asset space.
Meanwhile, the Trump family has deepened its involvement in the cryptocurrency industry through ventures such as American Bitcoin, a mining operation co-founded by Eric Trump and his brother Donald Trump Jr. The company, about 20% owned by the Trump brothers with Hut 8 owning the rest, recently raised $220 million. It plans to debut on the Nasdaq in September via a merger with Gryphon Acquisition Corp.
Eric Trump also highlighted the Trump family’s positive relationship with the Bitcoin community, stating that Bitcoin supporters strongly embraced his father before his presidential bid. He expressed hope that this community support would be mutually rewarding, reflecting the family’s commitment to the crypto sector.
Market analysts note that regulatory momentum under the former Trump administration, including proposals for a Bitcoin reserve and crypto-friendly bills like the GENIUS Act, has provided a tailwind for cryptocurrency adoption in the United States. Coupled with growing institutional investment globally, these factors underpin Trump’s bullish outlook on Bitcoin’s future valuation.
The Bitcoin Asia conference underscored the growing global prominence of Bitcoin and cryptocurrencies, with leading figures like Eric Trump articulating an optimistic vision for the market’s long-term trajectory amidst evolving geopolitical and regulatory dynamics.