Eric Trump, son of former US President Donald Trump, is extremely bullish on Bitcoin's future, predicting it will surpass $1 million due to its limited supply and rising institutional demand. He made this prediction at the Bitcoin Asia conference in Hong Kong, emphasizing that the fourth quarter of 2025 will be "unbelievable" for crypto markets.
*Key Points:*
- *Bitcoin Prediction*: Eric Trump believes Bitcoin will hit $1 million, driven by its scarcity and growing global demand.
- *Q4 Outlook*: Trump expects the fourth quarter to be particularly bullish, citing interest rate cuts and increasing adoption.
- *Market Sentiment*: Prediction markets, however, assign a probability of less than 1% to Bitcoin reaching $1 million in 2025.
- *Current Price*: Bitcoin is currently trading around $109,673, with a 0.33% increase in the last 24 hours.
While Trump's prediction is ambitious, the cryptocurrency market is known for its volatility, and various factors could influence Bitcoin's price trajectory ¹ ²...