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Key Points: At the Bitcoin MENA 2024 conference, Eric Trump forecasted Bitcoin to reach $1 million and praised its borderless. Donald Trump’s son highlighted plans for a crypto-friendly presidency under his father, boosting industry confidence and increasing Bitcoin’s price to above $100,000. Eric Trump, the son of U.S. President-elect Donald Trump and executive vice president of the Trump Organization, made some bold predictions concerning cryptocurrency’s future during his speech at the Bitcoin MENA 2024 conference in Abu Dhabi on Dec. 10. Read more: President-elect Trump Is Fueling the New Crypto Wave Donald Trump’s Son Eric Trump Predicts Bitcoin Hitting $1 Million According to Donald Trump’s son, Bitcoin has the potential to rise to $1 million per BTC as opposed to most traditional banking systems. Trump says that just as email and text messaging changed the entire game in their infancy, so Bitcoin would be the new revolutionary financial instrument changing the game in the future. Trump glorified Bitcoin with respect to its liquidity, borderless nature, and independence from corrupt governments, emphasizing that it would decide the future of money itself. Trump Family Lines Up Business Enterprises with Crypto Advocacy The Trump family has made direct investments in the business, including the launch of the crypto platform World Liberty Financial, which was promoted at the event, which is an attestation to the family’s love for cryptocurrency. Eric Trump said his father’s presidency will be pro-crypto in nature. Donald Trump’s son criticized the outgoing chair of the SEC, Gary Gensler, for what many in the crypto industry saw as hostility. He celebrated that the president-elect had picked a known crypto-friendly regulator, Paul Atkins, as Gensler’s replacement. Following the announcement, the value of Bitcoin surged past $100,000, and Trump pointed to it as evidence of growing public trust in digital assets. “You’re going…

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Filed under: News - @ December 11, 2024 3:09 am