Eric Trump, the son of President Donald Trump, believes that Bitcoin will ultimately be worth more than $1 million. Eric Trump, who co-founded the bitcoin mining company American Bitcoin earlier this year, reaffirmed his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday.
He even referred to himself as a 'bitcoin maxi.'
The entrepreneur and executive vice president of the Trump organization said he currently spends more than 50% of his time on cryptocurrency projects.
He stated that he believes this cryptocurrency will be worth $175,000 per token by the end of the year, just as he had predicted earlier.
Trump shared several personal stories pointing to what he describes as flaws in the current financial system and how bitcoin and blockchain technology could address those issues, including faster transactions and payment settlements.
American Bitcoin, a company that merged with American Data Center owned by Eric and his brother Donald Trump Jr. in March, is expected to list on Nasdaq through a merger with Gryphon Digital Mining (GRYP).
The two brothers own 20% of the company while bitcoin mining company Hut 8 holds the remaining 80%.
Trump's comments came just hours after Coinbase CEO Brian Armstrong made a similar prediction.
