Eric Trump Admits His Bitcoin Price Prediction Was Wrong
Co-founder of mining company American Bitcoin and son of US President Donald Trump, Eric Trump, admitted that his forecast for Bitcoin to grow to $1 million by the end of 2024 did not come true, but it is only a matter of time.
Speaking at the Bitcoin 2025 Asia conference in Hong Kong, the entrepreneur emphasized that interest in Bitcoin is rapidly growing among wealthy families and corporations.
“There are countries that are buying up Bitcoin in huge quantities. There are Fortune 500 companies that are buying the asset in large quantities. There are the largest families, there are the largest companies on Earth that believe in this digital store of value. Everybody wants Bitcoin. Everybody is buying Bitcoin,” the businessman said.
According to him, the political and economic situation in the United States is currently playing a significant role in strengthening the position of the first cryptocurrency. Bitcoin is currently in the “early stages” of adoption.
The vast majority of investors do not yet fully understand the concept of cryptocurrencies and financial systems based on blockchain. But this situation is gradually changing and more and more companies and individuals are getting acquainted with digital assets, the entrepreneur is sure.
Eric Trump has previously criticized banks, calling on them to implement blockchain to improve customer service. If banks do not, their services may become redundant, he said.
Source: cryptonews.net
