Eric Trump, who resembles U.S. President Donald Trump, is a fervent supporter of Bitcoin and cryptocurrency, and has once again declared his support for Bitcoin. Speaking at the SALT conference in Jackson Hole, Wyoming, U.S., Eric Trump reiterated his optimistic outlook for BTC, stating that the value of Bitcoin will reach $1 million in the long term.
Eric Trump, who self-identifies as a 'Bitcoin maxi', stated that he predicts Bitcoin will reach $175,000 by the end of this year in the short term.
“There is no doubt, Bitcoin will eventually reach $1 million. But I expect it to hit $175,000 by the end of this year.”
Trump also added that he spends over 50% of his time on cryptocurrency.
Eric Trump previously shared the analysis of cryptocurrency analyst Ted Pillows, who suggested that Ethereum could have traded above $8,000. This analyst believes that ETH is currently undervalued and is one of the best opportunities in the market. Eric Trump shared this analysis and agreed.
In previous statements, Eric Trump mentioned that he has invested in alternative cryptocurrencies called Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Sui (SUI).
